SBI Holdings Moves to Acquire Majority Stake in Singapore Crypto Exchange Coinhako

SBI Holdings has signed a letter of intent to acquire a controlling stake in Singapore based crypto exchange Coinhako. The proposed deal would see SBI inject fresh capital and purchase shares from existing investors, potentially making Coinhako a consolidated subsidiary pending regulatory approval.

The transaction will be executed through SBI’s wholly owned unit SBI Ventures Asset. Financial details and final ownership percentages have not been disclosed, and the agreement remains nonbinding while terms are negotiated.

Licensed Singapore Platform Strengthens Regional Strategy

Coinhako operates through Hako Technology, a Major Payment Institution licensed by the Monetary Authority of Singapore. The group also manages Alpha Hako, registered as a virtual asset service provider in the British Virgin Islands.

The acquisition would provide SBI with a regulated operational base in Singapore a key crypto hub in Asia. SBI previously invested in Coinhako in 2021 through a joint digital asset fund.

Broader Push Into Tokenization and Stablecoins

SBI has steadily expanded its blockchain presence, including partnerships focused on tokenized assets and stablecoin issuance. The firm recently collaborated with Web3 infrastructure provider Startale Group and oracle network Chainlink to develop digital asset tools and regulated stablecoin frameworks across Japan and the Asia Pacific region.

The planned Coinhako acquisition aligns with SBI’s strategy to build international infrastructure for tokenized securities and cross-border digital asset settlement.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.