Monex Group has increased its ownership in Canadian digital asset manager 3iQ Digital Holdings to 97.8%, with the aim to grow its institutional crypto asset business.
Summary
- The acquisition consolidates 3iQ as a key part of Monex’s global digital asset strategy, with AUM growing 39% to CAD 1.51 billion.
- Monex aims to drive revenue growth by targeting institutional investors through 3iQ’s staking ETFs and tokenized assets.
- The company is also considering issuing yen-pegged stablecoins to facilitate cross-border and corporate payments.
Monex Group, parent of TradeStation and Japanese crypto exchange Coincheck, has expanded its ownership in Canadian digital asset manager 3iQ Digital Holdings, increasing its stake to 97.8% through a CAD 45.84 million purchase.
The acquisition, executed through Monex’s wholly-owned subsidiary, consolidates 3iQ as a key part of the group’s global digital asset strategy. Since becoming Monex’s subsidiary in April last year, 3iQ has introduced several innovative investment products, including North America’s first Solana Staking ETF and an XRP ETF listed on the Toronto Stock Exchange in 2025.
With assets under management growing 39% year-on-year to CAD 1.51 billion by June 2025, Monex aims to leverage 3iQ to meet the increasing demand from institutional investors for structured crypto asset products.
Monex eyes institutional crypto and stablecoins
By boosting its stake in 3iQ, Monex Group aims to drive higher revenue growth by targeting the expanding crypto asset management needs of institutional investors worldwide. 3iQ’s product offerings, including staking ETFs and tokenized assets, position the firm to capture demand from pension funds, hedge funds, and other large-scale investors seeking regulated exposure to digital assets.
In parallel, Monex is exploring the issuance of yen-pegged stablecoins to facilitate cross-border and corporate payments. According to Chairman Oki Matsumoto, the tokens would be backed 1:1 by real assets such as Japanese government bonds and integrated with the customer bases of Coincheck and Monex Securities.
