Japanese financial giant SBI Holdings plans to acquire a controlling stake in Singapore-licensed cryptocurrency exchange Coinhako. The non-binding deal, announced through a subsidiary, aims to make Coinhako a consolidated subsidiary upon regulatory approval. SBI’s chairman stated the move is part of building international digital asset infrastructure for tokenized securities and stablecoins. Financial terms were not disclosed.
SBI Holdings announced its intent to take a majority stake in Singapore-based exchange Coinhako. The deal outlined in a statement involves capital injection and share purchases from existing investors.
Chairman and CEO Yoshitaka Kitao described the acquisition as part of a broader effort to build international digital asset infrastructure. “Bringing Coinhako into the SBI Group as a consolidated subsidiary is not merely an investment in a single platform,” he said.
Financial terms and final ownership details were not disclosed in the announcement. The transaction remains subject to regulatory approvals.
Coinhako operates a licensed trading platform in Singapore through its entity Hako Technology. The group also runs a registered virtual asset service provider in the British Virgin Islands.
SBI Holdings previously invested in Coinhako through a digital asset fund in 2021. Coinhako CEO Yusho Liu said the partnership would help scale systems for tokenized assets and stablecoins.
SBI has expanded its blockchain footprint through several recent ventures. These include developing a Japanese yen stablecoin with Shinsei Trust & Banking.
The group also partnered with oracle network Chainlink to build digital asset tools. This activity highlights SBI’s continued investment in the crypto sector.
