SBI Holdings to Acquire Majority Stake in Singapore Crypto Exchange Coinhako
Japan's SBI Holdings is making a strategic push into digital assets with plans to acquire a majority stake in Coinhako, one of Singapore's earliest licensed crypto exchanges. The deal, structured through SBI's Singapore subsidiary, awaits regulatory approval but signals growing institutional interest in Asia-Pacific crypto infrastructure.
Coinhako operates under Singapore's MPI license and BVI registration, positioning it as a bridge between regulated and offshore crypto markets. SBI CEO Yoshitaka Kitao framed the acquisition as part of a broader 'MOVE' initiative to expand the conglomerate's global digital asset footprint.
The transaction terms remain undisclosed, but industry observers note it follows a wave of consolidation among Asian exchanges after FTX's collapse. Coinhako's established compliance framework likely appealed to SBI amid tightening MAS regulations.
