SBI Holdings secures Singapore foothold with Coinhako acquisition

The transaction, executed through SBI Ventures Asset Pte. Ltd., involves both a fresh capital injection and the acquisition of shares from existing investors. While the financial terms remain undisclosed, the move cements Coinhako’s role as the primary distribution hub for SBI’s growing suite of regional products. Coinhako, which holds a Major Payment Institution license, will now integrate its local network with the Japanese group’s broader ecosystem of banking and securities.

SBI Chairman and President Yoshitaka Kitao views the acquisition as a cornerstone for a borderless trading network designed to bypass traditional currency limitations. The strategy hinges on leveraging Coinhako’s regulatory status to deploy new services, including stablecoin settlements and tokenized asset trading. This aligns with SBI’s recent technical maneuvers, such as the development of the JPYSC stablecoin with Startale and a partnership with Ondo Finance to bring tokenized products to the Japanese market. With the recent launch of the Solana-based JX equity token via DigiFT, SBI is rapidly assembling a vertical chain of exchanges and digital financial instruments connecting Japan to the wider Asian market.