SBI Holdings is moving to acquire Singapore-based cryptocurrency exchange Coinhako as part of its large-scale expansion strategy in Asia.
This agreement will give SBI deeper entry into the regulated cryptocurrency market and digital asset infrastructure.
Tokenized assets and stablecoins are at the heart of this strategic push.
SBI Holdings, one of Japan’s largest financial groups, has announced plans to acquire a majority stake in Coinhako, a leading cryptocurrency platform in Singapore. This agreement demonstrates SBI’s aggressive efforts to expand the deployment of digital assets across Asia.
SBI will carry out the acquisition through its subsidiary SBI Ventures Asset Pte. Ltd. The transaction includes both a capital injection and the purchase of shares from Coinhako’s existing shareholders. Upon completion, Coinhako will become a consolidated subsidiary of SBI Holdings.
Terms of the deal are still being worked out and regulatory approval is required before the deal can close.
Why coin box?
Coinhako has been around for over 10 years and holds a Major Payment Institution license from the Monetary Authority of Singapore (MAS). This license is one of the most difficult to obtain in Asia and will give SBI direct access to one of the most important regulated crypto markets in the region.
Yoshitaka Kitao, Chairman and CEO of SBI Holdings, gave an overview.
“By integrating Coinhako into the digital asset ecosystem that SBI Group has built, we will expand the global route for digital assets and become a major driving force in the realization of next-generation finance such as tokenized stocks and stable coins.”
What you get with Coinhako
Coinhako co-founder and CEO Yusho Liu said the partnership will accelerate the platform’s construction.
“By leveraging SBI Group’s extensive network and resources, Coinhako will expand its institutional infrastructure to meet the growing demand for tokenized assets and stablecoins, helping Singapore remain at the center of the world’s next-generation financial system.”
What’s next?
SBI uses Singapore as a gateway to connect traditional finance and digital assets in Asia. The focus is on serving both retail and institutional investors through tokenized stocks, stablecoins, and a regulated platform.
Regulatory approvals are still pending, so the timeline is unknown. However, both companies have a clear direction towards next-generation finance originating from Singapore.
