SBI Holdings has announced its intention to acquire a majority stake in Coinhako, a Singapore-based digital asset exchange. The deal would bring Coinhako under the umbrella of SBI Holdings, pending regulatory approval.
The acquisition is part of SBI's strategy to build international infrastructure for digital assets. By acquiring Coinhako, SBI will gain access to a licensed operating base in Singapore, one of Asia's key regulated crypto hubs.
Coinhako operates a regional digital asset trading platform through Hako Technology, which holds a Major Payment Institution license from the Monetary Authority of Singapore. The exchange also runs Alpha Hako, a Virtual Asset Service Provider registered with the British Virgin Islands Financial Services Commission.