Monex Group has finalized its acquisition of shares in 3iQ Digital Holdings Inc., marking a significant move in the digital asset management industry. Following this acquisition, 3iQ has officially become a subsidiary of Monex.
To fortify the expansion plans of 3iQ, Monex has pledged a substantial investment of US$7.5 million in the 3iQ Managed Account Platform, known as “QMAP,” positioning itself as one of the initial investors in the venture.
QMAP stands out as a secure, transparent, and efficient investment platform operated by 3iQ, offering access to a diverse range of crypto hedge funds. These funds boast a selection of alpha-oriented strategies tailored to meet the intricate demands of global institutional investors. This strategic investment significantly enhances 3iQ’s standing in the institutional digital asset management sector.
Monex Group Acquisition of 3iQ Digital Holdings, Ventures into Crypto Asset Management
Yuko Seimei, CEO of Monex, expressed enthusiasm about the prospects of investing in the innovative QMAP, stating, “I am very excited about the opportunity for Monex Group to invest in the innovative QMAP. I have high hopes that QMAP will quickly become the leading platform for sophisticated investors to invest in a diversified suite of crypto hedge funds.”
Pascal St. Jean, President of 3iQ, underscored the commitment to delivering cutting-edge investment solutions for institutional investors, saying, “With a seasoned team that has extensive experience in both alternative asset management and digital asset investing, we remain committed to upholding our firm’s decade-long tradition of developing cutting-edge investment solutions for institutional investors. Together with Monex, we aim to create a superior investor experience that sets new standards globally.”
The collaboration between Monex and 3iQ signals a significant step forward in the evolution of digital asset management, promising to reshape investor experiences and establish new benchmarks in the industry.
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