3iQ, the Canadian digital asset investment manager and exchange-traded product issuer will migrate a significant portion of its assets under management across six publicly listed products on the Toronto Stock Exchange to Anchorage Digital. Anchorage will serve as custody and infrastructure partner for 3iQ’s entire Canadian product suite, subject to regulatory approvals and any required amendments to prospectus or offering documents.
The mandate covers custody, settlement and staking infrastructure. Anchorage Digital Bank N.A. operates under the supervision of the United States Office of the Comptroller of the Currency, making it the first federally chartered crypto bank in the country. That regulatory footing was cited by 3iQ as a decisive factor in selecting the partner, reflecting a broader preference among institutional asset managers for counterparties that can satisfy compliance expectations aligned with traditional finance standards.
Infrastructure architecture
The technical case for the migration centres on Anchorage’s low-latency cold storage model, which is designed to support trade settlement without reliance on hot wallets. Its Atlas settlement network allows direct settlement with trading counterparties, removing intermediary wallets from the fund asset lifecycle. Together, the company says this architecture improves capital efficiency and reduces custody exposure across trading operations.
Staking capability is also part of the arrangement. Anchorage offers a validator network that allows asset managers to select staking strategies and optimise yield generation while maintaining institutional-grade controls. 3iQ already integrates staking into its Ethereum and Solana ETPs, so the partnership is positioned to extend and deepen that capability.
Tommaso Mancuso, president and CIO of 3iQ, said: “Anchorage Digital brings a combination of technical expertise and regulated infrastructure that allows us to continue to operate more efficiently today while positioning us for long-term growth.”
Market context
The deal sits inside a rapidly consolidating custody market for institutional digital assets. As ETF and ETP issuers accumulate scale, the operational and reputational cost of custody fragmentation grows. Several prominent asset managers have moved in recent years toward unified platforms that handle settlement, staking and safekeeping in a single regulatory perimeter, rather than stitching together multiple third-party relationships.
The competitive field includes qualified custodians such as Coinbase Custody, BitGo and Komainu, alongside emerging banking-licence holders. Anchorage’s OCC charter distinguishes it from most non-bank custodians, though it does not itself hold a Canadian regulatory licence. The Toronto Stock Exchange listing of 3iQ’s products means that the migration will require sign-off from Canadian securities regulators and may involve custodial sub-arrangements to satisfy local rules. The announcement notes that the transition remains subject to applicable regulatory approvals.
3iQ is a subsidiary of Coincheck Group N.V., listed on Nasdaq, which adds a further layer of public-market disclosure obligations to the arrangement. The firm also counts itself as the first to have launched a Bitcoin and Ethereum ETP on a major global stock exchange, a track record that gives it institutional credibility in a market where regulatory firsts carry commercial weight.
The immediate markers to watch are the pace of regulatory approvals in Canada, the specific products that complete migration first, and whether the staking integration produces a measurable yield uplift for unitholders in 3iQ’s Ethereum and Solana products.
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