"This acquisition marks a significant step in SBI's strategy to build a global digital asset corridor," stated Yoshitaka Kitao, SBI Holdings chairman, after the company secured ownership of more than 1.1 trillion Shiba Inu tokens through its purchase of Coinhako. The Singaporean crypto exchange now operates as an SBI subsidiary following approval from the Monetary Authority of Singapore, granting SBI access to Coinhako's regulated infrastructure and a Major Payment Institution license.
SBI Ventures Asset, the subsidiary handling the acquisition, has expanded SBI's footprint into Southeast Asia's digital asset market. The move enables integration of Coinhako users with SBI's yen-backed stablecoin JPYSC and tokenized real-world asset products. This regulatory foothold offers SBI a compliant framework to extend blockchain-based financial services across the region without developing new infrastructure from scratch.
According to blockchain analytics from Arkham, Coinhako's treasury holds approximately $160.87 million in various cryptocurrencies. Shiba Inu ranks as the sixth-largest asset by value within this portfolio, with 1.11 trillion SHIB tokens valued at $4.62 million at current market prices. Other leading assets include Ethereum, Binance Coin, Chainlink, Tether, and Pepe. These holdings are now part of SBI's corporate ecosystem, although they remain exchange-controlled assets and do not represent direct SBI investments.
The acquisition reinforces SBI's ambition to connect Japan and Southeast Asia through faster blockchain payments and cross-border finance. While this does not indicate SBI has directly purchased Shiba Inu tokens, it does significantly increase their exposure to the SHIB ecosystem. The deal also offers SBI a foundation for further expansion of its digital asset services in the region.
This material is for informational purposes only and does not constitute financial advice.
