Japanese Financial Group SBI Plans to Acquire Majority Stake in Digital Asset Trading Platform Coinhako

Odaily News Japanese financial group SBI Holdings announced that its subsidiary plans to acquire a majority stake in Singapore-based digital asset trading platform Coinhako, pending regulatory approval.

The transaction includes providing investment capital and purchasing shares from existing shareholders. Coinhako holds a license from the Monetary Authority of Singapore and is also regulated in the British Virgin Islands, having operated in the digital asset space for over a decade. The acquisition aims to integrate Coinhako's infrastructure with SBI's global financial network to develop the digital asset ecosystem in Asia. An SBI representative stated that this move aligns with its strategy to expand digital asset infrastructure and develop next-generation financial services.

Coinhako CEO Yusho Liu said the company plans to enhance its infrastructure to meet the growing demand for tokenized assets and stablecoins, with Singapore continuing to serve as a key hub. (Techinasia)