What happened?
Japanese cryptocurrency exchange, Coincheck, is broadening its international presence by acquiring Aplo, a Paris-based digital asset prime brokerage. The deal, which is expected to close in October 2025, will see all Aplo’s shares exchanged for newly issued shares of Coincheck Group N.V.
Who does this affect?
This development impacts institutional clients served by both Coincheck and Aplo, including over 60 hedge funds, asset managers, and banks. All four Aplo co-founders, Oliver Yates, Arnaud Carrere, Simon Douyer, and Jacques Lolieux, will remain with the company after the acquisition.
Why does this matter?
This acquisition has significant market impact as it represents Coincheck’s strategic move into the European institutional crypto market. It also marks an important step in Coincheck’s wider ambitions to scale its institutional services globally, offering potential synergies across trading infrastructure, liquidity, and banking partnerships.