Monex Expands Crypto Footprint with Increased Stake in 3iQ digital Holdings
Japanese financial giant Monex Group has significantly boosted its holdings in Canadian crypto asset manager 3iQ Digital Holdings.The new stake, now at 97.8%, shows Monex’s deep commitment too integrating digital assets into its portfolio.
This move solidifies 3iQ as a cornerstone of Monex’s global digital asset strategy. Since joining forces, 3iQ’s assets under management have jumped 39% to CAD 1.51 billion. This growth underscores the rising interest in safe crypto investments among institutions.
Monex plans to leverage 3iQ’s expertise in creating investment products like staking ETFs and tokenized assets. These innovations help attract large investors looking for ways to invest in digital currencies securely.
Notably, Monex is also eyeing the stablecoin market.The firm considers launching yen-backed stablecoins for simpler international transactions.
- This could simplify cross-border payments and benefit corporates globally.
Monex aims to lead this evolving sector, putting institutional investors at the heart of the crypto revolution.
