Key facts
- SBI Holdings is acquiring a 20% stake in Indonesian online brokerage Ajaib Group.
- The investment amounts to $270 million.
- Ajaib Group will become an equity-method affiliate of SBI.
- The deal is expected to close as early as August 2026.
- Ajaib Group operates in online brokerage, FX, cryptocurrency, and asset management.
Japanese financial group SBI Holdings is set to acquire a 20% stake in Indonesian online brokerage Ajaib Group for $270 million, making the Southeast Asian company an equity-method affiliate. The deal, expected to close as early as August 2026, aims to bolster SBI's operations in Southeast Asia and promote cross-border settlement and securities trading. Ajaib Group's business encompasses online brokerage, foreign exchange (FX) margin trading, cryptocurrency, and asset management. SBI plans to leverage this partnership to promote the circulation of its yen-denominated stablecoin, JPYC. SBI has also been expanding its presence in Singapore, investing in companies to enhance cross-border settlement and securities trading services. Recent related investments include the acquisition of a cryptocurrency exchange in Singapore for approximately 16 billion yen and an investment in a U.S. cryptocurrency exchange to strengthen collaboration on ETFs and stablecoins.