Coincheck is expanding its presence in the European Economic Area by acquiring Paris-based Aplo, a regulated institutional digital asset prime brokerage. The acquisition involves exchanging all of Aplo's outstanding shares for newly issued ordinary shares of Coincheck and is expected to close in October. This move is part of Coincheck Group's strategy to acquire retail and institutional crypto businesses beyond Japan. Aplo currently serves over 60 active institutional clients and will enhance Coincheck's product offerings. CEO Gary Simanson noted that the acquisition allows access to technology recognized by European institutional customers, ultimately aiming to better serve institutional investors. Monex Group, Coincheck's parent company, is on an aggressive expansion path and has reported significant growth attributed to a successful merger and listing on Nasdaq.

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