SBI Holdings Takes Majority Stake in Singapore's Regulated Crypto Exchange Coinhako

SBI Holdings has completed its majority acquisition of Coinhako, a Singapore-based cryptocurrency platform, after receiving regulatory approval from the Monetary Authority of Singapore (MAS). This move marks another major step in the expansion of institutional involvement in Asia's digital asset industry.

The acquisition strengthens SBI Holdings' presence in the rapidly growing cryptocurrency and blockchain sector while highlighting the increasing importance of regulated digital asset platforms in Singapore and the wider Asian market.

Coinhako, founded in Singapore, has established itself as a regulated cryptocurrency platform serving users interested in buying, selling, and managing digital assets. The acquisition provides SBI Holdings with a stronger foothold in Singapore's digital finance ecosystem while allowing Coinhako to benefit from the resources, experience, and international network of a major Japanese financial institution.