Coincheck Group to acquire a 97% stake in 3iQ from Monex Group for $111.8m.

Coincheck Group, a Japanese bitcoin wallet and exchange service, agreed to acquire a 97% stake in 3iQ, a digital asset manager, from Monex Group, a diversified Japanese financial services company, for $111.8m. “We expect that 3iQ will bring to Coincheck Group proven innovation, expertise and institutional product offerings and infrastructure recognized in the digital asset investment management space. By combining our strengths, we believe we will be better positioned to meet the needs of institutional and sophisticated investors and firms, including traditional financial institutions now seeking to include digital assets in their portfolio offerings to their customers. We also anticipate that the acquisition will be accretive to our earnings,” Gary A Simanson, Coincheck Group CEO and Executive Director.