Coincheck Group N.V., the parent company of a leading Japanese crypto exchange, announced a stock purchase agreement to acquire Aplo SAS, a Paris-based digital asset prime brokerage. The deal, which will see Aplo’s shares exchanged for newly issued ordinary shares of Coincheck Group, is expected to close in October 2025.
This acquisition marks Coincheck Group’s first move into acquiring retail and institutional crypto businesses outside of Japan, particularly in Europe. The company is actively seeking strategic investments and acquisitions globally to expand its expertise and services.
Founded in 2019, Aplo has developed a proprietary trading application and infrastructure for institutional investors, including hedge funds, banks, and asset managers. The firm is currently registered with the French Authority for the Financial Markets (AMF) and is seeking a full crypto asset service provider license under the European Union’s MiCA regulation. Aplo, which serves over 60 institutional clients, was named “Prime Broker of the Year (EMEA)” at the 2025 Hedgeweek Global Digital Asset Awards.
The acquisition aims to accelerate Aplo’s product development, expand its liquidity access, and innovate digital asset trading infrastructure. A potential synergy could see Aplo provide liquidity for some of Coincheck’s altcoin offerings.
“Aplo brings us proven technology, expertise recognized by institutional clients in Europe, and a high-performance team,” said Gary Simanson, CEO of Coincheck Group. Aplo CEO Oliver Yates stated that joining Coincheck Group is a “tremendous opportunity” to accelerate their mission and set new standards in the market.
