Monex acquires majority stake in Canadian digital asset manager

Monex is acquiring a majority stake in Canadian digital asset manager 3iQ.

Monex, a Japanese financial group, is a business that includes asset management, online brokerage and a crypto exchange. 

It owns TradeStation in the US and bought Coincheck back in 2018 after the crypto exchange was hacked. TradeStation was acquired by Monex back in 2011.

No financial details of the deal were disclosed.

Read more: The year’s most significant crypto M&A deals — and how 2024 might shape up

3iQ is best known for its bitcoin ETF listed in Canada; it’s one of a handful of bitcoin ETFs listed in Canada. However, it was the first to list the bitcoin fund back in 2020. 

The fund reached…

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