SBI Holdings Completes Majority Acquisition of Singapore Crypto Exchange Coinhako

Deal Structure and Closing

SBI said it acquired a controlling interest in Holdbuild Pte. Ltd., the parent company of Coinhako. The transaction was carried out through a combination of a capital injection and purchases of shares from existing investors. Financial terms were not disclosed.

With the closing of the transaction, Coinhako became a subsidiary of SBI Holdings. The acquisition places the exchange within SBI’s corporate structure as the group continues to broaden its presence in crypto and other digital asset markets.

Coinhako’s Singapore Footprint

The purchase gives SBI access to Coinhako’s base of more than 400,000 customers, along with the company’s operating footprint and regulatory experience in Southeast Asia. Through its entity Hako Technology, Coinhako operates in Singapore under a Major Payment Institution license issued by the Monetary Authority of Singapore.

That regulated position appears to be one of the central attractions of the deal, as SBI seeks to deepen its digital asset activities in a market it described as important for its regulatory framework.

Broader Regional Strategy

The Coinhako transaction follows other recent digital asset moves by SBI. The group has also agreed to acquire Japan’s Bitbank and has entered a partnership with Ondo Finance aimed at supporting the tokenization of Japanese equities using its yen-backed stablecoin, JPYSC.

SBI Chairman and Chief Executive Officer Yoshitaka Kitao said the Coinhako acquisition fits the company’s goal of linking digital asset exchanges across several jurisdictions. According to Kitao, SBI wants to build a global digital asset network that would let investors access markets without being constrained by national borders or currency barriers.

As outlined by the company, Coinhako will be incorporated into a wider digital finance business spanning tokenization, stablecoins, blockchain-based finance and cross-border payments. A key part of that plan is to strengthen links between Japan and Southeast Asia.

Management View and Next Steps

Coinhako co-founder and Chief Executive Officer Yusho Liu said the partnership is expected to give the exchange stronger institutional backing and access to SBI’s broader financial ecosystem. He said the company plans to use those resources to keep building digital financial services in the region.

The acquisition does not come with disclosed financial details, and the companies did not provide a timeline for any new products or integrations. But the transaction adds a regulated Singapore platform and a sizable customer network to SBI’s digital asset portfolio at a time when the group is assembling businesses across trading, tokenization and stablecoin-linked infrastructure.

In context, the deal extends SBI’s effort to connect its home market in Japan with Southeast Asia through regulated digital asset businesses. By bringing Coinhako under its umbrella after MAS approval, SBI has added a Singapore exchange with more than 400,000 users to a strategy centered on cross-border services, tokenization and stablecoin-based financial rails.