Quick Breakdown
- Monex raises its ownership in 3iQ Digital Holdings to 97.8% with a CAD 45.84M purchase.
- 3iQ’s assets under management climbed 39% to CAD 1.51B by June 2025.
- Monex is considering issuing yen-backed stablecoins for payments integration.
Monex Deepens Investment in Canadian Asset Manager
Monex Group has raised its ownership in Canadian digital asset manager 3iQ Digital Holdings to 97.8% following a CAD 45.84 million ($33.5 million) deal. According to a September 4 announcement, the acquisition was carried out through a wholly-owned subsidiary, further cementing 3iQ’s role as a cornerstone of Monex’s global digital asset strategy.
Growth of 3iQ Under Monex’s Ownership
Since becoming part of Monex in April 2024, 3iQ has rolled out innovative investment products, including North America’s first Solana Staking ETF with Figment being the primary staking provider and an XRP ETF listed on the Toronto Stock Exchange in 2025. The company has also seen its assets under management surge 39% year-on-year, reaching CAD 1.51 billion by June 2025.
In October 2023, The Ether Fund and the 3iQ Ether Staking ETF (TSX: ETHQ) became the first exchange-traded products (ETPs) in North America to incorporate staking Ether into their investment strategies.
Institutional Push and New Stablecoin Plans
By strengthening its stake, Monex intends to capture growing demand from institutional investors, including pension funds and hedge funds, for regulated digital asset exposure. 3iQ’s offerings in staking ETFs and tokenized assets place it in a strong position to meet that demand.
Additionally, Monex Group revealed intentions to enter the stablecoin market by launching yen-pegged digital tokens, alongside ambitions to acquire a European crypto-focused firm. The company aims to capitalize on increasing stablecoin adoption and strengthen its global crypto business footprint. Chairman Oki Matsumoto said the stablecoin could be integrated with Coincheck and Monex Securities to streamline cross-border and corporate payments.
Early this year, 3iQ partnered with Swiss-based Criptonite Asset Management to launch the 3iQ Criptonite Multi-Factor AMC, an Actively Managed Certificate tailored for qualified professional investors in Switzerland. Matteo Dante Perruccio, Global Head of Corporate Strategy at 3iQ, described the collaboration as a strategic move to strengthen the firm’s European presence.
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