Monex Group, a Japanese financial services provider, has finalized the acquisition of a majority stake in Canadian crypto asset company 3iQ Digital Holdings, as reported by Foresight News. This acquisition aligns with Monex Group's strategic goal of expanding its cryptocurrency business.

Prior to this acquisition, 3iQ had already made significant strides in the crypto space, launching the first regulated Bitcoin and Ethereum exchange-traded funds (ETFs) in North America, as well as the first Ethereum ETF with a pledge function on the Toronto Stock Exchange.

With the integration of 3iQ, Monex Group aims to cater to the growing demand from global institutional investors and exchanges for crypto asset management solutions. This move underscores Monex Group's commitment to establishing a strong presence in the cryptocurrency market and providing comprehensive services to its clients.