SBI Group to Acquire Majority Stake in Coinhako, Strengthening Digital Asset Presence. The Japanese financial giant announced that its subsidiary will acquire a controlling interest in Singapore-based Coinhako, subject to regulatory approval. The transaction involves new investment capital and share purchases from existing stakeholders. Coinhako, licensed by Singapore’s Monetary Authority and regulated in the British Virgin Islands, has been operating in the digital asset space for over a decade. The acquisition aims to integrate Coinhako’s infrastructure with SBI’s global financial network to build a comprehensive digital asset ecosystem in Asia. SBI stated that the move supports its strategy to expand digital asset infrastructure and next-generation financial services. Coinhako CEO Yusho Liu noted that the company will enhance its systems to meet growing demand for tokenized assets and stablecoins, with Singapore serving as a key hub. The deal also aligns with broader regional trends in digital collectibles.
Odaily Planet Daily report: Japanese financial group SBI Holdings announced that its subsidiary plans to acquire a majority stake in Singapore-based digital asset exchange Coinhako, subject to regulatory approval.
This transaction involves providing investment capital and purchasing shares from existing shareholders. Coinhako, which holds a license from the Monetary Authority of Singapore and is regulated by the British Virgin Islands, has been operating in the digital assets space for over a decade. The acquisition aims to integrate Coinhako’s infrastructure with SBI’s global financial network to develop a digital assets ecosystem in Asia. SBI representatives stated that this move aligns with its strategy to expand digital assets infrastructure and develop next-generation financial services.
Coinhako CEO Yusho Liu said the company plans to enhance its infrastructure to meet growing demand for tokenized assets and stablecoins, with Singapore continuing to serve as a key hub. (Techinasia)
