SBI acquires Singaporean crypto platform Coinhako after MAS approval
SBI Holdings has received approval from Singapore’s central bank to acquire a majority stake in Holdbuild, the parent of crypto platform Coinhako, making Coinhako a consolidated subsidiary. The deal was completed through a capital injection and share purchase from existing shareholders; financial terms were not disclosed. Coinhako operates under a Major Payment Institution license in Singapore. SBI plans to combine Coinhako’s customer base and Southeast Asian network with its own financial services and digital asset businesses, including its JPYSC stablecoin initiative. The acquisition supports SBI’s broader digital asset expansion, alongside recent moves such as investing in EDX Markets, planning to buy Bitbank, and pursuing tokenization projects in Japan and overseas. Singapore is being positioned as a key hub in SBI’s regional crypto strategy.
