Monex Group Snatches Almost Total Control of Canadian Crypto Firm – What Does This Mean?

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Monex Group, the proud parent company of Coincheck, the Japanese crypto exchange, has just taken another giant leap in the world of digital assets. It has almost entirely grabbed hold of Canadian crypto asset manager, 3iQ Digital Holdings. Yes, almost complete control. And we all know how much we love a good acquisition, don’t we? 😏

It seems that Monex is quite keen on surfing the rising wave of institutional interest in crypto investments. I mean, why not? It’s practically the digital equivalent of buying up all the real estate on a newly discovered planet. It’s all about positioning themselves, or at least, trying to be the first one to shout “I was here first!” when the digital asset industry completely takes off. 🚀

Monex Makes a Move: Owning 97.8% of Canadian Crypto? You Don’t Say!

In an announcement that could have been subtitled “Everything Is Ours Now,” Monex revealed on Thursday that it had nabbed an additional 20.6% of shares in 3iQ Digital Holdings for a modest $31 million. This little financial nugget has boosted Monex’s voting rights to a staggering 97.8%. I mean, they’re practically printing their own money at this point. Who needs other shareholders when you’ve got *almost* the whole pie? 🥧

Monex first waltzed into 3iQ’s operations as the majority shareholder back in April 2024. Since then, 3iQ has kept busy by launching various new investment products in the digital asset space. From Solana staking ETFs to XRP ETFs, it seems they’re getting their digital fingers into all sorts of pies. Speaking of pies, the assets under management have grown from $785.5 million in June 2024 to a very respectable $1.1 billion in June 2025. Now, that’s what we call growth – not unlike a certain type of plant that, if watered too much, takes over the garden… 🌱💸

Monex’s latest decision to expand its stake is clearly a strategy to ensure they’re the *go-to* for institutional investors, who are increasingly showing interest in structured crypto management products. It’s almost like they’re saying, “Don’t worry, we’ve got you covered. Just bring the pension funds and hedge funds, and we’ll take care of the rest.”

Institutional Investors: Crypto’s New Best Friends?

As crypto continues to be the new shiny thing (but with more regulations, and yes, more volatility), institutional investors are slowly warming up to the idea of diving into digital assets. The demand for crypto-related investment vehicles, despite the market’s rollercoaster ride, is steadily growing. Pension funds and hedge funds are practically knocking on the door saying, “Let us in, we’re ready for this.”

Monex’s decision to increase its stake in 3iQ is clearly a *strategic* one – more of a “we’re ready for the big leagues” type of move. With Coincheck already one of Japan’s largest exchanges in their back pocket, this acquisition just cements their position as the go-to crypto giant. But don’t get too comfortable, folks. They might just be gearing up for something bigger. I mean, what’s next? A cryptocurrency-themed amusement park? 🎢💰

With this acquisition wrapped up, Monex now has the opportunity to flex its muscles, consolidate management, and possibly trim down operations in Canada to better align with its larger strategy. As for their plans for future products and investments? Well, that’s still a mystery. Maybe they’re saving the juicy details for when they release the next big thing. 🕵️‍♂️

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2025-09-05 05:51