SBI Holdings to Acquire Singapore's Coinhako, Accelerating Asia's Digital Asset and Tokenization Revolution

SBI Holdings, Inc. has announced its plan to acquire a majority stake in Singapore-based digital asset platform Coinhako Group.

The acquisition will be executed through SBI's wholly-owned subsidiary, SBI Ventures Asset Pte. Ltd., via a letter of intent with Holdbuild Pte. Ltd. to inject capital and purchase shares from existing shareholders.

SBI's Strategic Push into Crypto Infrastructure

Upon completion, Coinhako will become a consolidated subsidiary of SBI Holdings, marking a pivotal expansion in the Japanese financial giant's global digital asset ambitions.

Coinhako, with over a decade of experience, operates through entities licensed by Singapore's Monetary Authority of Singapore (MAS) and the BVI Financial Services Commission.

Synergies for Next-Gen Finance in Asia

The deal aims to merge Coinhako's robust infrastructure with SBI's financial resources to create a leading digital asset powerhouse bridging traditional and tokenized finance.

SBI Chairman Yoshitaka Kitao emphasized that integrating Coinhako supports the group's vision for tokenized stocks, stablecoins, and a global digital asset corridor.

Coinhako CEO Yusho Liu highlighted how SBI's network will scale their platform to meet surging demand for institutional-grade tokenized assets.

The transaction remains subject to regulatory approvals, underscoring the regulated nature of both firms' operations.

This move is poised to enhance services for retail and institutional clients across Asia amid the rising tokenization trend.

Historically, SBI has invested heavily in blockchain, positioning this acquisition as a natural evolution toward dominating regional crypto markets.

Looking ahead, the partnership promises innovative products like stablecoins and tokenized securities, solidifying Singapore's role as a fintech hub.

Market observers anticipate increased competition and innovation in Asia's digital asset space following the deal's closure.