SBI Holdings has acquired a majority stake in Singapore-based crypto exchange Coinhako after securing regulatory approval. The deal strengthens the Japanese financial group’s push into digital assets, stablecoins and tokenized markets across Asia.
Key Takeaways
SBI acquired control of Coinhako on July 16 after MAS approval, expanding its Singapore footprint.Coinhako gives SBI a regulated Singapore base, tightening competition across Asia’s crypto market.SBI plans stablecoins and tokenization, building on Bitbank’s $289M deal and JPYSC.The Japanese financial conglomerate completed the transaction on July 16 through its Singapore subsidiary, SBI Ventures Asset. The deal included a capital injection and the purchase of shares from existing investors.
Singapore Becomes Central to SBI’s Asia StrategyThe acquisition gives SBI access to Coinhako’s customer base, regional network and experience operating within Singapore’s regulated digital asset market.
SBI has identified Singapore as a major hub for its broader Asia-Pacific strategy. The company aims to build connections between digital asset platforms in Japan and Southeast Asia while developing cross-border trading services.
Chairman and President Yoshitaka Kitao said the group wants to create a global digital asset corridor enabling investors to move across markets without being limited by currencies or national borders. He commented:
“We are very pleased that Coinhako, with its solid customer base and business know-how, has joined the SBI Group. By quickly realizing various synergies between the two companies, we will provide next-generation financial services as soon as possible.”
Coinhako co-founder and CEO Yusho Liu described the deal as a natural next step for the company. He said SBI’s financial resources and business network would support Coinhako’s expansion across Southeast Asia.
Stablecoins and Tokenization Drive Expansion
