Monex Group Acquires Majority Stake in 3iQ Digital Holdings to Expand Crypto Business

According to Foresight News, Monex Group, a Japanese financial services provider, has completed the acquisition of a majority stake in Canadian crypto asset company 3iQ Digital Holdings. This move is part of Monex Group's strategy to expand its cryptocurrency business. Previously, 3iQ had launched the first regulated Bitcoin and Ethereum exchange-traded funds in North America, as well as the first Ethereum ETF with a pledge function on the Toronto Stock Exchange. With the acquisition of 3iQ, Monex Group aims to meet the needs of global institutional investors and exchanges for crypto asset management.