Monex: Coincheck to acquire Aplo SAS

Monex: Coincheck to acquire Aplo SAS

Coincheck Group N.V. (NASDAQ:CNCK), the crypto arm of Japan’s Monex Group and operator of one of Japan’s leading crypto asset exchanges, has announced its intention to acquire France-based Aplo SAS, a digital asset prime brokerage for institutional crypto investors. The acquisition, expected to close in October 2025, will see all issued and outstanding shares of Aplo exchanged for newly issued ordinary shares of Coincheck Group [1].

Aplo, founded in 2019 in Paris by Oliver Yates, Arnaud Carrere, Simon Douyer, and Jacques Lolieux, has built a proprietary institutional trading application and supporting infrastructure, combining algorithmic execution, unified access to deep liquidity, and a strong regulatory foundation. The company is currently registered as a Digital Asset Service Provider with the French Authority for the Financial Markets (AMF) and is in the process of obtaining a full crypto asset service provider license under the European Union’s Market in Crypto Assets Regulation (MiCA) [2].

Coincheck Group aims to expand its footprint beyond Japan and Europe through strategic acquisitions. This acquisition represents the first step in this mission, as Aplo brings proven technology, expertise recognized by institutional clients, and a high-performance team with an entrepreneurial culture. The acquisition will enable Coincheck to better meet the needs of institutional crypto investors and provide a valuable B2B2C offering to banks looking to make crypto investing available to their customers [1].

Together, Coincheck and Aplo plan to accelerate Aplo’s product roadmap and scale existing solutions. This includes enhancing clients’ capital efficiency through financing solutions, expanding liquidity access and product offerings across multiple jurisdictions, driving innovation in digital asset trading infrastructure, and providing a B2B2C offering to banks interested in using Aplo’s execution platform to serve their customers [1].

The acquisition is subject to certain undertakings and conditions and is expected to close in October 2025. Galaxy Digital Partners LLC served as the exclusive financial advisor to Aplo, while Squair and De Brauw and Jeantet served as counsel to Aplo and Coincheck Group, respectively [1].

References:
[1] https://fxnewsgroup.com/forex-news/cryptocurrency/monexs-coincheck-acquires-crypto-prime-broker-aplo/
[2] https://www.coincheckgroup.com/news-events/press-releases/detail/108/coincheck-group-n-v-signs-agreement-to-acquire-aplo-sas-a-registered-crypto-prime-brokerage-for-institutional-investors