SBI Holdings to Acquire Singapore Crypto Exchange Coinhako in Major Asia Push

SBI Holdings is making a strategic move to expand its digital asset footprint across Asia with the acquisition of Singapore-based cryptocurrency exchange Coinhako. The deal, executed through SBI Ventures Asset Pte. Ltd., involves capital injection and share buyouts from existing stakeholders, ultimately making Coinhako a consolidated subsidiary of SBI.

Regulatory approvals are pending, but the acquisition underscores SBI's ambition to dominate Asia's regulated crypto markets. Coinhako's Major Payment Institution license from Singapore’s Monetary Authority (MAS)—a coveted credential—grants SBI access to one of the region's most stringent and influential regulatory frameworks.

"Integrating Coinhako into the SBI Group’s digital asset ecosystem will accelerate the global corridor for tokenized assets and stablecoins," said SBI Holdings Chairman Yoshitaka Kitao. Coinhako CEO Yusho Liu emphasized the deal’s role in scaling institutional-grade infrastructure to meet rising demand for tokenization.