Galaxy Advises Aplo on its Proposed Sale to Coincheck

Galaxy served as exclusive financial advisor to Aplo SAS on its announced sale to Coincheck Group NV (Nasdaq: CNCK), a leading crypto asset exchange group headquartered in the Netherlands and Japan. The transaction marks Coincheck’s entry into the European institutional market and represents a significant milestone in Aplo’s growth journey.

Founded in 2019, Aplo is a digital asset prime brokerage for institutional crypto investors that is registered as a Digital Asset Service Provider with the French Authority for the Financial Markets (AMF). Aplo has grown rapidly and today serves more than 60 active institutional clients, including hedge funds, asset managers, banks and large corporates, with services spanning trading, custody, lending, borrowing, and advanced reporting tools.

Coincheck’s established retail presence in Japan, combined with Aplo’s institutional platform, creates a powerful partnership. Together, they work to accelerate product development, expand financing and liquidity offerings, and scale globally, positioning Coincheck as a stronger bridge between traditional finance and digital assets.

The transaction, which is subject to certain undertakings and conditions, is expected to close in October 2025.

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Galaxy Investment Banking empowers companies, investors, and industry trailblazers to navigate the web3 and digital asset economy. We provide strategic and tactical advice including M&A, equity, and debt capital markets services. To learn more about Galaxy Investment Banking’s deals, visit here, or get in touch with the team here.