SBI Holdings Buys Majority Stake in Coinhako to Expand Southeast Asia Crypto Operations
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SBI Holdings has secured regulatory approval and acquired a majority stake in Singapore-based centralized exchange Coinhako, leveraging Coinhako’s Hako Technology Major Payment Institution license from the Monetary Authority of Singapore to expand its Southeast Asia crypto and CEX footprint. The acquisition aims to accelerate cross-border crypto services, stablecoin adoption and tokenized financial products while strengthening regulated market access and DeFi/CEX connectivity, which should boost adoption and regional market growth.
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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 e…
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