Japanese Crypto Exchange Coincheck Group Acquires Institutional Prime Broker Aplo

Coincheck Group N.V. (Nasdaq: CNCK), the holding company of Coincheck Inc., one of Japan's leading crypto asset exchanges, has completed its acquisition of Aplo SAS, a digital asset prime brokerage for institutional crypto investors.
 

At closing, all issued and outstanding shares of Aplo were exchanged for newly issued ordinary shares of Coincheck Group.
 

Aplo serves more than 60 active institutional clients, including hedge funds, asset managers, banks and large corporates. The firm was named "Prime Broker of the Year (EMEA)" at the 2025 Hedgeweek Global Digital Asset Awards. All four founders will continue with Aplo following the closing.
 

The combined entity will focus on accelerating Aplo's product roadmap and scaling existing solutions, including financing solutions such as cross-margining and deferred settlement to enhance clients' capital efficiency.

The companies also plan to expand liquidity access and product offerings across multiple jurisdictions and to new institutional partners, whilst driving innovation in digital asset trading infrastructure to meet the growing needs of global markets.
 

Additionally, they will provide a B2B2C offering to banks interested in using Aplo's execution platform to serve their customers.
 

Galaxy Digital Partners LLC served as exclusive financial adviser to Aplo.
 

Squair served as counsel to Aplo. De Brauw and Jeantet served as counsel to Coincheck Group.

Found this interesting? Become a member of LiquidityFinder and get daily industry news direct to your inbox — join here.