According to Cointelegraph, Monex Group, a Japan-based brokerage firm, asset manager, and crypto exchange, introduced its plan to purchase a majority stake in 3iQ Digital Holdings.
Sources revealed that on December 28, 2024, Monex highlighted 3iQ’s experience listing some of the first spot Bitcoin (BTC $42,585) and Ether (ETH $2,354) exchange-traded funds in North America as part of the reason for the acquisition.
“Our long term strategy is to strengthen our asset management business, and by welcoming 3iQ to our group, we aim to achieve high growth by capturing the crypto asset management needs of institutional investors and crypto asset exchanges around the world, which are expected to grow in the future,” Yuko Seimei, CEO, Monex, explained.
Furthermore, Frederick Pye, 3iQ chair and CEO, mentioned that the firm planned to collaborate with Coincheck as part of the acquisition, Cointelegraph concluded.
(With insights from Cointelegraph)
