Coincheck Group NV, the Nasdaq-listed parent of leading Japanese cryptocurrency exchange Coincheck, has completed its acquisition of Aplo SAS, a Paris-based prime digital asset broker serving institutional investors.
Under the transaction, all issued and outstanding shares of Aplo were exchanged for newly issued common shares of Coincheck Group.
This deal represents a strategic move by Coincheck to deepen its institutional capabilities and expand its presence in the global digital asset markets.
Aplo, named Lead Broker of the Year (EMEA) at the 2025 Hedgeweek Global Digital Asset Awards, serves more than 60 institutional clients, including hedge funds, asset managers, banks and large corporates. The four founders will remain with the company after the acquisition.
The companies plan to expand Aplo’s offerings, including cross-margin and deferred settlement to improve capital efficiency, and expand access to liquidity across jurisdictions.
It also aims to provide B2B2C solutions to enable banks to use Aplo’s merchant infrastructure to serve customers.
Coincheck said the deal would accelerate innovation in digital asset trading infrastructure and enhance its institutional offerings.
Galaxy Digital Partners served as exclusive financial advisor to Aplo, while Squair provided legal counsel to Aplo and De Brauw and Giantet to Coincheck Group.