- Monex Group acquires Canadian crypto asset manager 3iQ, making it a subsidiary.
- Monex invests $7.5 million into 3iQ’s QMAP platform designed for institutional crypto hedge fund investment.
Tokyo-based financial services company Monex Group has finalized its acquisition of Canadian crypto asset manager 3iQ Digital Holdings.
This move makes 3iQ a subsidiary of Monex and signals further expansion into the cryptocurrency sphere for the Japanese firm.
To support 3iQ’s growth, Monex Group is also investing $7.5 million into 3iQ’s Managed Account Platform (QMAP). QMAP caters to institutional investors, offering a transparent and secure way to invest in a range of crypto hedge funds with diverse strategies.
Monex CEO Yuko Seimei expressed enthusiasm about the investment, stating “I have high hope that QMAP will quickly become the leading platform for sophisticated investors to invest in diversified suite of crypto hedge funds.”
3iQ President Pascal St. Jean added, “Together with Monex, we aim to create a superior investor experience that sets new standards globally.”
