SBI Holdings Acquires Majority Stake in Singapore Crypto Exchange Coinhako

SBI Holdings has taken a majority stake in Singapore crypto exchange Coinhako, a deal that gives the Japanese financial group a regulated base in Southeast Asia's largest digital asset market.

The transaction closed July 16. SBI Ventures, its Singapore subsidiary, bought shares from existing investors and injected fresh capital. The Monetary Authority of Singapore approved the deal, SBI said in an official statement. Coinhako will now operate as a consolidated subsidiary.

The acquisition adds Coinhako's customer base and regional experience to SBI's growing crypto portfolio. The group already runs a Japanese exchange and has been building a network that connects Asia digital asset markets. Chairman Yoshitaka Kitao said the goal is a global digital asset corridor where investors can move without currency or border limits.

"We are very pleased that Coinhako, with its solid customer base and business know-how, has joined the SBI Group," Kitao said. "By quickly realizing various synergies between the two companies, we will provide next-generation financial services as soon as possible."