- SBI Holdings is acquiring a majority stake in Singapore-licensed cryptocurrency exchange Coinhako, plus additional investment.
- The move positions SBI to create a “digital asset powerhouse in Asia” on top of its existing crypto exchange and trading businesses.
- The investment was driven by the growing importance of tokenization and global digital asset infrastructure.
- The deal is being executed through SBI Ventures Asset in Singapore, not the group’s SBI Digital Asset Holdings.
Japanese financial giant SBI Holdings has announced a strategic move to acquire a majority stake in Singapore’s licensed cryptocurrency exchange, Coinhako. This investment, made through its Singapore-based arm SBI Ventures Asset, signals a major consolidation play in the Asian digital asset market.
The Coinhako group not only runs a retail and institutional exchange but also owns Alpha Hako, which is regulated in the British Virgin Islands. Consequently, SBI is positioning the acquisition as the foundation for building a dominant regional powerhouse.
SBI already boasts significant crypto holdings, including international market maker B2C2 and its Japanese exchange SBI VC Trade. Meanwhile, its Singapore joint venture with Switzerland’s SIX, called AsiaNext, operates an institutional crypto derivatives venue.
However, this deal is framed not just around crypto trading but the broader shift toward asset tokenization. “In this era of tokenization, the importance of global infrastructure for digital assets is growing ever greater,” said Yoshitaka Kitao, Representative Director of SBI Holdings.
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