TechFlow reports, on July 17, SBI Holdings announced that it completed the acquisition of a majority stake in Singapore cryptocurrency platform Coinhako on July 16, and included it within the scope of consolidated subsidiaries. The transaction has received necessary approval from the Monetary Authority of Singapore.
The entity under Coinhako holds a Major Payment Institution license in Singapore and has a compliant operational foundation in the digital asset services field. SBI stated that this acquisition is an important step in its global digital asset strategy, and will subsequently combine Coinhako's customer base, operational experience, and regional network in Southeast Asia to promote the development of businesses such as cryptocurrency trading, stablecoins, tokenization, on-chain finance, and cross-border payments in the Japanese and Southeast Asian markets.
