SBI Holdings has completed the acquisition of a majority stake in Coinhako, a Singapore-based cryptocurrency platform, after receiving approval from the Monetary Authority of Singapore (MAS).
The Japanese financial group made the purchase through its subsidiary SBI Ventures Asset Pte. Ltd., which has injected capital into Coinhako’s parent company Holdbuild Pte. Ltd. It purchased shares from existing shareholders. the The deal closed on July 16Making Coinhako a unified subsidiary.
Kuenhaku He works By Hako Technology Pte. Ltd., which holds a Master Payment Institution license from MAS, and Alpha Hako Ltd., a crypto asset services provider registered with the Financial Services Commission of the British Virgin Islands.
The platform has spent a decade building a customer base across the Southeast Asia region SBI It now serves as the base for its digital asset strategy.
SBI plans to combine Coinhako’s customer base, operational expertise and regional network with its own financial services, technology and global footprint. The company intends to expand the digital assets corridor starting with Japan and Southeast Asia, and develop services linked to its Japanese yen-denominated stable currency JPYSC. SBI also pointed out opportunities in tokenization, cross-chain finance and cross-border trade.
“Our group aims to create a global corridor for digital assets by connecting exchanges around the world, enabling investors around the world to make optimal investments without being hindered by national borders or currency barriers,” said Chairman Yoshitaka Kitao. He described Singapore as a critical region because its digital asset regulations are ahead of the curve.
Yushu Liu, co-founder and CEO of Coinhako, described the deal as a natural step. “Over the past 10 years, we have built the most trusted and law-compliant cryptocurrency platform in Southeast Asia from the ground up in the world’s most advanced regulatory environment,” he said, adding that SBI’s support gives the company a stronger foundation.
SBI Holding Cryptocurrency Movements
The acquisition culminates a series of cryptocurrency moves by the group, which holds more than 14 million users and $308 billion in assets under custody. Last month, SBI He drove EDX Markets has launched a $76 million Series C, backed by Gauntlet risk manager, JPYSC, and partnered with Solana Foundation on an on-chain financial market in Japan.
In June, the group Agreed To buy the Tokyo Stock Exchange Bitbank for about $289 million, this week cooperated With Ondo Finance to tokenize Japanese stocks.
There is still one limitation: JPYSC does not yet support withdrawals to external wallets, limiting its use to the SBI platform.
