Coincheck Group N.V. (NASDAQ:CNCK), a subsidiary of Monex Group, Inc., has completed the acquisition of Aplo SAS, a registered crypto prime brokerage.

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

Aplo has grown rapidly and today serves more than 60 active institutional clients, including hedge funds, asset managers, banks and large corporates. All four founders are to continue with Aplo after the closing.

Together, the companies will look to accelerate Aplo’s product roadmap and scale existing solutions, including:

• Financing solutions, such as cross-margining and deferred settlement to enhance clients’ capital efficiency;
• Expanding liquidity access and product offerings across multiple jurisdictions and to new institutional partners;
• Driving innovation in digital asset trading infrastructure to meet the growing needs of global markets; and
• Providing a B2B2C offering to banks interested in using Aplo’s execution platform to serve their customers.

Galaxy Digital Partners LLC served as exclusive financial advisor to Aplo. Squair served as counsel to Aplo. De Brauw and Jeantet served as counsel to Coincheck Group.