SBI Holdings Buys Coinhako Majority Stake, Expands Asia Crypto Reach

SBI Holdings Acquires Majority Stake in Singapore Crypto Exchange Coinhako

Japanese financial group SBI Holdings has acquired a majority stake in Singapore-based cryptocurrency exchange Coinhako after obtaining regulatory approval, strengthening its push into digital assets, stablecoins, and tokenized markets across Asia.

Deal Overview

SBI Holdings said it secured regulatory clearance in Singapore and completed the purchase of a controlling interest in Coinhako. Financial terms were not disclosed. The acquisition adds a licensed digital asset trading platform to SBI’s portfolio as the group expands its footprint in Southeast Asia.

Founded in 2014, Coinhako operates a cryptocurrency exchange and wallet service for retail and institutional clients in Singapore. The platform has previously obtained licensing from the Monetary Authority of Singapore (MAS) to provide digital payment token services.

Strategic Expansion Into Tokenized Finance

The Coinhako deal aligns with SBI’s broader strategy to build out infrastructure and services for digital assets, including stablecoins and tokenized financial products. The company has recently pursued initiatives involving the Solana ecosystem and Ondo Finance as part of efforts to support tokenized markets and on-chain finance.

By pairing an MAS-regulated exchange with its regional network and digital asset partnerships, SBI aims to offer compliant access to crypto trading and tokenized instruments for both retail and institutional participants.

Why It Matters

  • Strengthens SBI’s presence in Southeast Asia, a key region for digital asset adoption.
  • Adds a regulated trading venue in Singapore, a leading hub for crypto and fintech.
  • Positions SBI to develop offerings across stablecoins, tokenized assets, and on-chain finance.

Market Context

Global financial institutions have accelerated investments in crypto exchanges and tokenization platforms amid growing regulatory clarity in major markets. Singapore’s licensing framework for digital payment token services has attracted regional and international firms seeking compliant access to crypto markets and tokenized financial products.

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