Coincheck Group N.V. (Nasdaq: CNCK) has announced a significant expansion of its institutional capabilities through an agreement to acquire approximately 97% of 3iQ Corp., a pioneering digital asset investment manager based in Ontario, Canada. The transaction values 3iQ at approximately $111.8 million and represents a strategic repositioning for the Japan-focused crypto exchange as it pursues aggressive global growth. For small cap investors seeking exposure to the digital asset infrastructure space, this deal offers a compelling case study in how emerging players are consolidating capabilities to compete against larger, established financial institutions entering the crypto market.