SBI Expands Asian Crypto Network With Majority Acquisition of Coinhako

• SBI Holdings acquired a majority stake in Coinhako, strengthening its regulated cryptocurrency presence across Singapore, Japan, and Southeast Asian markets together.
• Coinhako’s licensed operations will support SBI’s expansion into JPYSC stablecoin services, tokenization, onchain finance, and cross-border digital asset trading.
• The acquisition complements SBI’s recent investments in Gauntlet, EDX Markets, Bitbank, Solana partnerships, and Ondo Finance’s tokenization initiatives.

 

SBI Holdings has taken majority ownership of Singapore-based cryptocurrency exchange Coinhako, strengthening its regulated digital asset business across Asia. The acquisition gives the Japanese financial group another licensed platform as it expands its blockchain and digital finance operations beyond Japan.

The transaction was completed after the Monetary Authority of Singapore approved the deal, allowing SBI Ventures Asset to assume control of Coinhako. The move also reinforces SBI’s strategy of building a regional network that connects regulated crypto markets under one ecosystem.

Coinhako operates mainly through Hako Technology Pte. Ltd., which holds a Major Payment Institution license issued by the Monetary Authority of Singapore. Additionally, Alpha Hako Ltd. serves as a crypto asset service provider registered with the British Virgin Islands Financial Services Commission.

Moreover, SBI plans to combine Coinhako’s customer base and operational expertise with its own financial technology network. Consequently, the company aims to strengthen digital asset services between Japan and Southeast Asia before expanding into additional markets.

The group also intends to integrate its cryptocurrency infrastructure into Coinhako’s operations. Besides that, SBI plans to support services linked to its JPYSC yen-backed stablecoin while expanding tokenization, onchain finance, and cross-border trading initiatives.

Chairman Yoshitaka Kitao explained that SBI’s long-term objective is to build a global digital asset corridor connecting cryptocurrency exchanges across different regions. He added that Singapore’s advanced regulatory environment makes Coinhako an important addition to that strategy.

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Coinhako Acquisition Adds to SBI’s Growing Blockchain Investments

The Coinhako deal extends a series of digital asset investments completed by SBI during recent weeks. Moreover, the company has steadily expanded its presence across exchanges, blockchain infrastructure, stablecoins, and institutional crypto services. SBI recently became the sole investor in Gauntlet’s $125 million Series C funding round. Additionally, the company led EDX Markets’ $76 million Series C fundraising, increasing its exposure to institutional cryptocurrency infrastructure.

The financial group also launched its JPYSC yen-denominated stablecoin as part of its broader blockchain payment ecosystem. Furthermore, SBI partnered with the Solana Foundation to accelerate the development of Japan’s onchain financial market. Its expansion strategy also included acquiring Japanese cryptocurrency exchange Bitbank for nearly $289 million during June. Moreover, SBI entered a partnership with Ondo Finance to support the tokenization of Japanese equities through blockchain technology.

These transactions highlight a consistent strategy centered on regulated exchanges, tokenized assets, stablecoin payments, and institutional blockchain services. Consequently, Coinhako strengthens SBI’s regional footprint while supporting its ambition to connect digital asset markets across Asia.

Conclusion

Coinhako becomes another strategic addition to SBI Holdings’ expanding digital asset portfolio. Moreover, the acquisition supports the company’s broader plan to unite regulated exchanges, stablecoins, tokenized assets, and blockchain infrastructure into a connected financial network spanning Japan and Southeast Asia.

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