SBI Holdings Acquires Majority Stake in Coinhako After Singapore Approval
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On July 16 SBI Holdings completed its majority acquisition of Singapore centralized exchange Coinhako after Monetary Authority of Singapore approval, bringing the CEX into SBI’s regulated corporate structure. The deal adds 400,000+ users, strengthens SBI’s Southeast Asia footprint and advances plans to connect Japan and Southeast Asia via tokenization and digital asset services, supporting regulated crypto adoption and tokenization use cases.
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- SBI completed its majority acquisition of Coinhako after receiving MAS approval on July 16.
- Coinhako adds 400,000+ users and strengthens SBI’s regulated presence across Southeast Asia.
- SBI plans to connect Japan and Southeast Asia through tokenization and digital asset services.
SBI Holdings has completed the acquisition of a majority stake in Singapore-based cryptocurrency exchange Coinhako, marking another move in the Japanese financial group’s expanding digital asset strategy across Asia.
The transaction closed on July 16 after receiving approval from the Monetary Authority of Singapore (MAS), bringing Coinhako under SBI’s corporate structure. The acquisition follows a number of digital asset initiatives by SBI, including its agreement to acquire Japan’s Bitbank and its partnership with Ondo Finance to support the tokenization of Japanese equities using its yen-…
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