Coincheck is stepping beyond its home market in Japan with a deal that could reshape its global footprint. The crypto exchange’s holding company, Coincheck Group N.V., has signed an agreement to acquire Paris-based Aplo SAS, a digital asset prime brokerage serving institutional clients.

Expanding Into Europe

The transaction, set to close in October 2025, will see Aplo shareholders exchange their stakes for newly issued Coincheck Group shares. The deal marks Coincheck’s first acquisition outside Japan and reflects its broader strategy of building both retail and institutional businesses across global markets.

“Aplo brings us proven technology, expertise recognized by institutional clients in Europe, and a high-performance team with an entrepreneurial culture,” said Gary Simanson, CEO of Coincheck Group.

Founded in 2019, Aplo is a digital asset trading infrastructure. The company serves more than 60 active institutional clients, including hedge funds, banks, and asset managers. Its platform combines algorithmic execution with access to deep liquidity.

Aplo’s Institutional Footprint

Both companies plan to expand Aplo’s product offering and scale its platform globally. Areas of focus include financing solutions such as cross-margining, broader liquidity access, and new B2B2C services for banks interested in offering crypto products to customers.

The firms will also examine whether Aplo can contribute liquidity to some of Coincheck’s altcoin markets. All four of Aplo’s founders will remain with the company after the acquisition closes.

Expect ongoing updates as this story evolves.

Source: Finance Magnates