Japanese cryptocurrency exchange Coincheck, which last year lists NASDAQ’s trading platform (CNCK), has acquired APLO, a digital asset prime broker regulated in France by Autorité Des Marchés Financiers (AMF).
The acquisition will help Coincheck, a popular exchange in Japan, expand into Europe, the company said Tuesday. Financial terms for the transaction were not disclosed.
Coincheck was founded in Tokyo, Japan in 2014 and was rebranded from a payment company called Bitcoin Wallet and Resupress, which was founded in 2012 by Wada and Yusuke otuka.
Netherlands-based Coincheck Group NV was listed at Nasdaq late last year through a merger with special purpose acquisition company Thunder Bridge Capital Partners IV (THCP).
As part of the acquisition, all outstanding shares of APLO will be exchanged for newly issued common shares of Coincheck Group, which are expected to close in October 2025, according to a press release.
“We’re looking forward to seeing you in the future,” said Gary Simanson, CEO of Coincheck Group.
In addition to being registered as a digital asset service provider under the French AMF. APLO is in the process of obtaining a full crypto asset service provider license under the European Union market of Crypto Assets Regulation (MICA).
