Coincheck to Acquire Majority Stake in Digital Asset Manager 3iQ

Coincheck Group has announced plans to expand its presence in the institutional cryptocurrency market. According to a release, the company plans to issue 27,149,684 new shares, estimated to be worth around $111.8 million, to acquire a 97% stake in the Canadian digital asset manager 3iQ. 

Coincheck Plans to Gain Full Ownership of 3iQ

Notably, this deal still needs regulatory approval and is expected to be completed by the second quarter of 2026. If the acquisition goes through, Coincheck will gain control of 3iQ’s portfolio of regulated exchange-traded funds (ETFs) and digital asset funds. 

Interestingly, this move would significantly boost Coincheck’s position in the global institutional crypto market. 3iQ is known for managing some of the first regulated crypto investment products in North America. As such, making this deal is important for Coincheck’s long-term growth.

According to Gary Simanson, CEO and Executive Director of Coincheck Group, 3iQ is a key addition to their ecosystem. He believes that 3iQ will provide high-quality product offerings, strong infrastructure, and expert asset management skills. 

Coincheck plans to offer the same terms to 3iQ’s minority shareholders. This could result in the issuance of up to 810,435 additional ordinary shares. If this happens, Coincheck could gain full ownership of the Canadian asset manager.

Coincheck Makes History With Public Debut

Recall that in 2024, the Netherlands-based holding company took a bold step by listing on NASDAQ. As reported by TheCoinRise, Coincheck is merging with Thunder Bridge Capital. This move makes Coincheck the second crypto exchange to go public in the United States.

Coincheck’s entry into the U.S. financial space comes at a time when the cryptocurrency market registered significant growth. The uptick in price performance of different assets, with Bitcoin, Ethereum, and other assets hitting new highs, has increased interest in the sector.

According to the exchange, listing on the Nasdaq exposes it to international investors. Additionally, it aims to utilize the platform for talent acquisition and engage in global acquisitions, which will strengthen and expand its cryptocurrency business. 

Tether Pushes for Majority Stake in LATAM’s Adecoagro

Similarly, Tether, the world’s largest stablecoin issuer, expands its investment in South America’s agricultural sector. 

The company recently submitted a proposal to acquire the remaining shares of Adecoagro, a major agribusiness and energy company.

Tether is offering $12.41 per share, which, if approved, would increase its stake from 19.4% to 51%. 

This would make Tether the company’s majority owner, giving it control over its operations. The move further solidifies the stablecoin issuer’s expansion strategy beyond digital assets. Meanwhile, Tether previously acquired a 9.8% stake in Adecoagro.