SBI Holdings has expanded its cryptocurrency footprint by taking a majority stake in Singapore-based exchange Coinhako after receiving regulatory approval. The move reinforces the Japanese financial group’s ambitions across Southeast Asia while supporting broader plans for digital assets.
Additionally, the acquisition positions SBI to accelerate cross-border crypto services, stablecoin adoption, and tokenized financial products. The company continues building a regional network that connects regulated markets and strengthens access to digital finance across Asia.
Regulatory Approval Opens New Growth Opportunities
Coinhako operates through Hako Technology, which holds a Major Payment Institution license from Singapore’s Monetary Authority. Additionally, the exchange maintains international operations through Alpha Hako Ltd.
Consequently, SBI can combine Coinhako’s established customer network with its own financial technology capabilities. The group also plans to expand services linked to its JPYSC yen-backed stablecoin while advancing tokenization, on-chain finance, and regional digital asset trading.
SBI Accelerates Regional Digital Asset Strategy
Moreover, the acquisition follows several major investments completed during the past month. SBI became the sole investor in Gauntlet’s $125 million Series C round. The company also led EDX Markets’ $76 million Series C financing.
Besides those investments, SBI acquired Bitbank for nearly $289 million and partnered with Ondo Finance to support tokenized Japanese equities, highlighting its expanding digital finance strategy.
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