SBI Holdings Expands Crypto Footprint with Strategic Acquisition of Singapore's Coinhako
SBI Holdings has officially secured regulatory approval from the Monetary Authority of Singapore (MAS) to acquire a majority stake in Coinhako, a leading Singapore-based crypto platform. This strategic move, executed through a capital injection into Holdbuild, integrates the exchange as a consolidated subsidiary of the Japanese financial giant.
This acquisition is a pivotal step in SBI's roadmap to dominate the digital asset landscape, specifically targeting expansion into stablecoins, onchain finance, and tokenized assets. By leveraging Coinhako's existing Major Payment Institution license, SBI is set to strengthen its institutional presence within Singapore's highly regulated and booming crypto ecosystem.
As a result, Coinhako will now operate as a consolidated subsidiary of SBI Holdings. The platform currently holds a Major Payment Institution license through its subsidiary, Hako Technology Pte. Ltd. This expansion aligns with SBI's broader mission to scale its operations in the realms of stablecoins, onchain finance, and the burgeoning market for tokenized assets.
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