Monex boosts its stake in Canadian digital asset manager 3iQ
05 Sept 2025 · 12:07 UTC · Crypto.News RSS Feed · Original source
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Summary
Monex Group has increased its ownership in Canadian digital asset manager 3iQ Digital Holdings to 97.8%, with the aim to grow its institutional crypto asset business.
Why it matters
The news reflects Monex's commitment to the crypto sector, particularly in enhancing its institutional services. As a reputable player, its actions may encourage broader institutional engagement and investment, potentially leading to price appreciation in Bitcoin and altcoins. However, market reactions can vary based on broader economic conditions and investor sentiment, which introduces uncertainties.
Expected impact
Monex's increased stake in 3iQ signals strong institutional support for crypto assets, likely leading to positive sentiment in the market. This could boost confidence among investors, especially in Bitcoin and other altcoins, as institutional involvement often brings increased liquidity and stability.