According to Techinasia, Japanese financial group SBI Holdings announced that its subsidiary plans to acquire a majority stake in Singapore-based digital asset platform Coinhako, subject to regulatory approval. The transaction includes providing investment capital and purchasing shares from existing shareholders. Coinhako holds a license from the Monetary Authority of Singapore and is regulated by the British Virgin Islands, having operated 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 asset infrastructure and develop next-generation financial services. Coinhako’s 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.
SBI Plans to Acquire Majority Stake in Singapore-Based Coinhako
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Summary
SBI Holdings, the Japanese financial group, announced through its subsidiary its plans to acquire a majority stake in Coinhako, a Singapore-based digital asset platform, in a development pending regulatory approval. The transaction includes a capital injection and share purchases from existing shareholders. Coinhako, licensed in Singapore and regulated in the British Virgin Islands, has operated in the digital asset space for over a decade. The move supports SBI’s strategy to expand its digital asset infrastructure and financial services. Coinhako CEO Yusho Liu stated that the company will enhance its platform to meet rising demand for tokenized assets and stablecoins, with Singapore serving as a key hub.
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