SBI Holdings commits $270 million in Ajaib, taking 20% stake amid Asia digital asset push
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Japanese financial services group SBI Holdings has invested $270 million in Indonesian multi-asset investment platform Ajaib Group, acquiring an approximate 20% stake as it expands its digital asset presence in Asia.
Key facts
- Ajaib confirmed the $270 million strategic investment in a Friday LinkedIn post, saying that it marks Indonesia's largest tech funding round since 2022 and brings the firm's total funding raised
- Japanese financial services group SBI Holdings has invested $270 million in Indonesian multi-asset investment platform Ajaib Group, acquiring an approximate 20% stake as it expands its digital asset
- Kitao said SBI is establishing a network of digital asset exchanges focused on Southeast Asia as part of its "SBI APAC Digital Economic Zone" initiative, describing Ajaib's combination of traditional
- The group operates crypto exchanges SBI VC Trade in Japan and Coinhako in Singapore, as well as crypto market maker B2C2 in the UK
Summary
Ajaib confirmed the $270 million strategic investment in a Friday LinkedIn post, saying that it marks Indonesia's largest tech funding round since 2022 and brings the firm's total funding raised since 2019 to more than $500 million. SBI did not disclose the investment amount in its announcement but confirmed an approximately 20% minority stake, making Jakarta-based Ajaib an equity-method affiliate of the Japanese firm. Ajaib provides access to domestic and international equities, bonds, mutual funds, exchange-traded funds, crypto assets, stablecoins, commodities, and foreign exchange, alongside payments and savings services. SBI said the partnership will promote digital asset adoption in Asia as it builds out its presence across the region.