Monex Group, Inc. (TYO:8698) has completed the acquisition of shares in 3iQ Digital Holdings Inc., and 3iQ has become a subsidiary of Monex.

In order to support the rapid expansion of 3iQ’s business, Monex will invest US$7.5 million in the 3iQ Managed Account Platform or “QMAP” as one of initial investors.

QMAP is a secure, transparent and efficient investment platform operated by 3iQ, offering access to a diverse suite of crypto hedge funds. These funds feature a selection of alpha oriented strategies that meet the complex demands of global institutional investors. This investment significantly bolsters 3iQ’s position in the institutional digital asset management space.

“I am very excited about the opportunity for Monex Group to invest in the innovative QMAP. I have high hope that QMAP will quickly become the leading platform for sophisticated investors to invest in diversified suite of crypto hedge funds,” said Yuko Seimei, CEO of Monex.

Pascal St. Jean, President of 3iQ, said:

“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 set new standards globally.”