Japan · Singapore · Bitcoin Magazine
SBI Holdings Takes Majority Stake in Singapore’s Coinhako After MAS Approval
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SBI Holdings has acquired a majority stake in Singapore's Coinhako after MAS approval, strengthening its push to build a cross-border digital asset network across Japan and Southeast Asia.
Key facts
- The acquisition caps a run of crypto moves by the conglomerate, which holds more than 14 million users and $308 billion in assets under custody
- In June, the group agreed to buy Tokyo exchange Bitbank for about $289 million, and this week it teamed with Ondo Finance to tokenize Japanese equities
- The Japanese financial group made the purchase through its subsidiary SBI Ventures Asset Pte
- The transaction closed July 16, making Coinhako a consolidated subsidiary
Summary
SBI Holdings has completed the acquisition of a majority stake in Coinhako, a Singapore-based cryptocurrency platform, after securing approval from the Monetary Authority of Singapore (MAS). The Japanese financial group made the purchase through its subsidiary SBI Ventures Asset Pte. The platform spent a decade building a customer base across Southeast Asia, a region SBI now positions as a base for its digital asset strategy. SBI plans to combine Coinhako’s customer base, operational expertise, and regional network with its own financial services, technology, and global footprint.