Coincheck to Acquire Aplo, Bolstering European Expansion
Coincheck Group (NASDAQ: CNCK) is set to acquire French digital asset prime broker Aplo in an all-stock deal, converting Aplo shares into newly issued Coincheck shares upon closing in October 2025. This acquisition marks Coincheck’s first major European expansion since its 2023 SPAC listing with Thunder Bridge Capital Partners IV. Aplo, regulated by France’s AMF and pursuing a full MiCA license, will bring institutional-grade prime brokerage technology and a high-performance team to enhance Coincheck Prime. The move aims to accelerate institutional adoption of Coincheck’s crypto exchange services across Europe and strengthen regulatory compliance under the EU’s Markets in Crypto-Assets framework.
Bullish
Coincheck’s acquisition of Aplo strengthens its European footprint and enhances its institutional service offerings, likely boosting market confidence in CNCK shares. In the short term, the announcement may drive positive trading momentum for CNCK as investors anticipate growth via European expansion and MiCA license progress. Over the long term, integrating Aplo’s prime brokerage technology can expand Coincheck Prime’s institutional client base, increase trading volumes, and improve regulatory compliance under EU Markets in Crypto-Assets, supporting sustained bullish sentiment for CNCK.