Coincheck Group, the parent of Japan’s leading crypto exchange, has agreed to acquire Paris-based Aplo SAS, a regulated digital asset prime brokerage for institutional investors, through a stock-for-shares deal expected to close in October 2025. Aplo, founded in 2019 and registered with France’s AMF, serves 60+ institutional clients with algorithmic execution, deep liquidity access, and compliance infrastructure, and is pursuing full MiCA licensing in the EU. The acquisition advances Coincheck’s strategy to expand beyond Japan into Europe, aiming to scale Aplo’s trading infrastructure, broaden financing and liquidity offerings, and potentially provide additional liquidity for Coincheck’s altcoin products.

Coincheck Group N.V. Signs Agreement to Acquire Aplo SAS, a Registered Crypto Prime Brokerage for Institutional Investors