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On January 8, 2026, Coincheck Group N.V., the Nasdaq-listed holding company of Japan's leading crypto asset exchange Coincheck, has entered into a stock purchase agreement with its majority shareholder Monex Group to acquire approximately 97% beneficial ownership of 3iQ Corp., an Ontario-based digital asset manager. The transaction values 3iQ at USD 111,840,476 (CAD 153.6 million) and Coincheck Group stock at USD 4.00 (CAD 5.49) per ordinary share. Under the agreement, Monex will exchange its shares in 3iQ's holding company for 27,149,684 newly issued Coincheck Group ordinary shares. Coincheck Group will also offer equivalent terms to 3iQ's minority shareholders, potentially issuing up to 810,435 additional shares to secure 100% ownership.
The transaction, expected to close in the second quarter of 2026, is subject to regulatory approvals and confirmatory due diligence.
Oppenheimer & Co. served as financial advisor to Coincheck Group, with Stikeman Elliott, De Brauw Blackstone Westbroek, and Simpson Thacher & Bartlett providing legal counsel. Cinaport Capital served as financial consultant to Monex Group, with Wildeboer Dellelce as legal counsel. This acquisition follows Coincheck Group's October 2025 acquisition of Aplo SAS and March 2025 acquisition of Next Finance Tech Co., advancing the company's global expansion strategy in the institutional digital asset space.
Parties
Company
Coincheck Group N.V.
Company
Monex Group
Deal Type
Merger & AcquisitionIndustry
Tech/Computer/ITTransaction
$ 153,600,000Deal Status
ClosedClosing Date