SBI Holdings, a major Japanese financial firm, plans to acquire a $270 million stake in Ajaib Group
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The deal is part of SBI's push to expand JPYSC, its yen-denominated stablecoin, across Southeast Asia and build cross-border settlement infrastructure using blockchain technology.
Key facts
- The country's startup sector has struggled, with Indonesian startups raising $340 million last year, down from $440 million in 2024 and far below the $9.44 billion raised in 2021, according
- Ajaib gives SBI a foothold in Indonesia, a consumer-retail market worth an estimated $375 billion, according to IMARC Group, and one of ASEAN’s largest retail-investing markets, with more than 20
- SBI Holdings, a major Japanese financial firm, plans to acquire a $270 million stake in Ajaib Group, a major Indonesian online brokerage, before the end of this month
- The investment follows SBI's acquisition of Coinhako Group, a Singapore-based crypto exchange, for roughly $100 million in July, and a separate investment in DigiFT, a Singaporean digital securities
Summary
SBI Holdings plans to acquire a $270 million stake in Indonesian online brokerage Ajaib Group by the end of August. The investment will give SBI access to one of Southeast Asia’s largest retail-investing markets as it expands its yen-denominated stablecoin and blockchain-based settlement infrastructure. The deal follows SBI’s recent investments in Singapore digital-asset companies and represents Indonesia’s largest technology fundraising in years.