Core Insights - 3iQ, based in Ontario, became the first regulated digital asset management company in Canada in 2017 and launched one of North America's first exchange-traded Bitcoin and Ethereum funds in 2020 [1] - Monex, the parent company of 3iQ, has reached a share purchase agreement with Coincheck Group, headquartered in the Netherlands [1] Group 1 - Coincheck will acquire approximately 97% beneficial ownership of 3iQ at a valuation of about $118 million [2] - 3iQ was founded in 2012, and Monex acquired a majority stake for approximately $46 million in 2024 [2] - This acquisition is part of Coincheck's recent spree of acquisitions, including the purchase of tokenization service provider Next Finance Tech in March last year and the acquisition of cryptocurrency prime broker Aplo in Paris in October [2]