Coincheck, a Japanese exchange operator, is set to acquire digital asset manager 3iQ in a $112 million stock deal, according to reports. The transaction aims to expand Coincheck's presence in regulated investment products. The development would give the Japanese exchange operator control of the Canadian asset manager. The acquisition signifies a move by Coincheck to strengthen its position in the digital asset space by integrating a regulated asset management firm into its operations.

Coincheck, a Japanese exchange operator, is set to acquire digital asset manager 3iQ in a $112 million stock deal, according to reports. The transaction aims to expand Coincheck's presence in regulated investment products. The development would give the Japanese exchange operator control of the Canadian asset manager. The acquisition signifies a move by Coincheck to strengthen its position in the digital asset space by integrating a regulated asset management firm into its operations.