- SBI Holdings, a major Japanese financial firm, plans to acquire a controlling majority stake in Singapore-based cryptocurrency exchange Coinhako.
- The move aims to establish a licensed operational base in Singapore to support SBI’s broader strategy for digital asset infrastructure, including tokenized securities and stablecoins.
- Coinhako holds a Major Payment Institution license from Singapore’s central bank, providing a regulated foundation for the expansion.
- This continues SBI Holdings’ aggressive expansion in blockchain, following recent partnerships to develop a yen stablecoin and digital asset tools.
In a strategic move to solidify its role in Asia’s digital finance sector, Japanese conglomerate SBI Holdings announced on Friday its intent to take majority control of Singapore-licensed crypto exchange Coinhako. The nonbinding agreement, detailed in a company announcement, involves capital injection and share purchases from existing investors.
However, specific financial terms and the final ownership structure remain under discussion, pending regulatory approvals. Upon completion, Coinhako would become a consolidated subsidiary within the SBI Group.
Consequently, this provides SBI with a significant regulated foothold in a key Asian crypto hub. Chairman Yoshitaka Kitao framed the acquisition as part of a larger effort to “build international infrastructure for digital assets.”
Meanwhile, Coinhako operates its trading platform through a Singapore Major Payment Institution license. The exchange’s CEO, Yusho Liu, stated the partnership would help scale services to meet “surging demand for tokenized assets and stablecoins.”
This deal deepens an existing relationship, as SBI Holdings first invested in Coinhako through a fund in 2021. The Japanese group has been actively expanding its blockchain footprint across various ventures recently.
For instance, in December 2025, SBI partnered to develop a fully regulated Japanese yen stablecoin. Furthermore, it collaborated with ChainLink in August to build digital asset tools for financial institutions across the Asia-Pacific region.
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