SBI Holdings to Acquire Singapore Crypto Exchange Coinhako in Major Asia Push

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SBI Holdings, one of Japan’s largest financial groups, has announced plans to acquire a majority stake in Coinhako, a leading cryptocurrency platform in Singapore. The deal signals SBI’s aggressive push to expand its digital asset footprint across Asia.

SBI will carry out the acquisition through its subsidiary SBI Ventures Asset Pte. Ltd. The deal involves both capital injection and buying out shares from Coinhako’s existing shareholders. Once complete, Coinhako will become a consolidated subsidiary of SBI Holdings.

Deal terms are still being worked out, and the transaction needs regulatory approval before it can go through.

Why Coinhako?

Coinhako has been around for over a decade and holds a Major Payment Institution license from Singapore’s Monetary Authority (MAS). That license is one of the toughest to get in Asia, and it gives SBI direct access to one of the region’s most important regulated crypto markets.

SBI Holdings Chairman and CEO Yoshitaka Kitao laid out the bigger picture.

What Coinhako Gets Out of It

Coinhako Co-Founder and CEO Yusho Liu said the deal speeds up what the platform has been building toward.

What’s Next?

SBI is using Singapore as its gateway to connect traditional finance with digital assets in Asia. The focus is on tokenized stocks, stablecoins, and serving both retail and institutional investors through a regulated platform.

Regulatory approval is still pending, so the timeline is unclear. But both sides have made their direction clear: next-generation finance, built from Singapore.