Market News

SBI Holdings Makes Strategic Move in Singapore's Crypto Market with Coinhako Acquisition

SBI Holdings, a prominent Japanese financial group, has announced its intention to acquire a majority stake in Coinhako, a leading cryptocurrency exchange in Singapore.

This acquisition marks SBI's ambitious strategy to expand its influence in the digital asset sector across Asia.

The deal will be executed through SBI Ventures Asset Pte. Ltd., involving a combination of capital investments and the buyout of existing shareholders.

Upon completion, Coinhako will operate as a consolidated subsidiary within SBI Holdings.

SBI is currently finalizing the deal terms and awaiting necessary regulatory approvals for the transaction.

Coinhako has a significant standing in the market, holding a Major Payment Institution license from Singapore’s Monetary Authority, which facilitates access to a critical regulatory framework.

Yoshitaka Kitao, Chairman and CEO of SBI Holdings, expressed that integrating Coinhako into their ecosystem could bolster global digital asset corridors.

The partnership will allow Coinhako to enhance its institutional-grade infrastructure, vital for catering to emerging demands for tokenized assets.

With Singapore acting as a strategic hub, SBI aims to bridge traditional finance and digital assets while targeting retail and institutional investors.

While the regulatory timeline remains uncertain, both companies are committed to advancing next-generation finance from Singapore.