Key facts
- SBI Holdings has acquired a majority stake in Singapore's Coinhako.
- The acquisition was approved by the Monetary Authority of Singapore (MAS).
- This move is part of SBI Holdings' strategy to expand its digital asset network across Japan and Southeast Asia.
SBI Holdings has acquired a majority stake in the Singaporean cryptocurrency exchange Coinhako, following approval from the Monetary Authority of Singapore (MAS). This strategic acquisition is a key step in SBI Holdings' broader objective to establish a robust cross-border digital asset network spanning Japan and the Southeast Asian region.
The move signifies SBI Holdings' continued commitment to expanding its presence in the digital asset space and leveraging Coinhako's established operations in Singapore to further its regional ambitions.