Overview

• Coincheck signed a stock purchase agreement to acquire all Aplo shares in exchange for newly issued Coincheck ordinary shares, with closing targeted for October 2025.
• The companies said the combination will expand institutional services in Europe, with plans for deeper liquidity, financing tools such as cross‑margining and deferred settlement, and B2B2C offerings for banks.
• Aplo is registered with France’s AMF as a Digital Asset Service Provider and is seeking full authorization under the EU’s MiCA framework.
• Founded in 2019 in Paris, Aplo serves more than 60 institutional clients, including hedge funds, asset managers and banks, with algorithmic execution and unified liquidity access.
• All four co-founders — Oliver Yates, Arnaud Carrere, Simon Douyer and Jacques Lolieux — will remain with the company after closing.