Coincheck, the Japanese crypto exchange, has announced its purchase of Aplo, a digital asset prime broker based in France, that is licensed by the French Autorité des Marchés Financiers (AMF).
The acquisition, which will see all outstanding shares of Aplo exchanged for newly issued shares in Coincheck Group NV, Coincheck’s holding company, which was listed on Nasdaq last year, will occur no later than October 2025.
Expanding value from the transaction, Coincheck noted that the acquisition itself is not only key to implementing its strategy of global expansion, but it also provides the company with a meaningful opportunity to establish a strong presence in the European market.
Enhancing Institutional Services with Aplo’s Offerings
Established in 2019, Aplo has been a leading institutional crypto broker, providing algorithmic execution, deep liquidity pools, and a robust regulatory foundation.
Aplo is a registered Digital Asset Service Provider in France and is in the process of getting a full license as a Crypto-Asset Services provider under the EU’s Markets in Crypto-Assets (MiCA).
In total, the company has over 60 institutional clients, including hedge funds, asset managers, and banks, and is delighted to have been awarded “Prime Broker of the Year (EMEA)” by Hedgeweek, as of the 2025 Global Digital Asset Awards.
The four founders of the company, Oliver Yates, Arnaud Carrere, Simon Douyer, and Jacques Lolieux, will continue to run the business after the acquisition and further expansion.
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Fostering Innovation and Widening Market Access
Through this acquisition, Coincheck and Aplo aim to expedite product launches and be able to offer their service in more countries.
Some key work will focus on improvements to financing options (cross-margining and deferring counterparty settlements, enhancing access to liquidity, and enhancing trading infrastructure for markets globally.
The companies will explore a B2B2C business model, which allows banks the capability to use Aplo’s execution platform to provide crypto services for their own customers.
Coincheck will also consider Aplo’s liquidity solutions for supporting its wider altcoin offering.
Leadership Perspectives and Strategic Vision
Gary Simanson, CEO of Coincheck Group, stated that Aplo’s technology and institutions are key assets to Coincheck’s growth strategy.
He went on to say that by combining Coincheck’s financial resources and Aplo’s technology and innovative platform, new opportunities will be created to serve institutional clients and banks.
Oliver Yates, the CEO of Aplo, noted that joining Coincheck will assist them in scaling their mission of providing a transparent, secure, and efficient trading service in a market that is always active 24/7.
Both Yates and Simanson recognized the cultural fit, which they believe will assist in elevating the level of innovation and the standards in the cryptocurrency sector across the globe.
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A Wave of Global Crypto Acquisitions in 2025
Coincheck’s bold move is part of an increasingly busy trend of monumental acquisitions that are reshaping the digital asset space in 2025.
UnoCrypto reported on July 2nd that Coinbase had announced that it was acquiring the token management platform Liquifi, its fourth acquisition of the year following Liquifi’s recent $5 million seed round.
In the next month, we reported that video platform Rumble announced its $1.17 billion all-stock acquisition of artificial intelligence firm Northern Data, which is backed by Tether.
These signal the fast-accelerating wave of strategic acquisitions in the cryptocurrency and tech space.
Coincheck’s acquisition of Aplo reinforces this trend, as the exchange is clearly seeking to convey to the global institutional crypto ecosystem just how serious they are about increasing their footprint in the space.
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