SBI Holdings finalized the purchase of a controlling interest in Coinhako, a cryptocurrency exchange based in Singapore. The deal closed on July 16 after receiving authorization from the Monetary Authority of Singapore (MAS), integrating Coinhako into SBI's expanding Asian digital asset portfolio.
Acquisition Details and Strategic Expansion
The transaction positions SBI Holdings to deepen its presence in Southeast Asia's crypto markets. Coinhako has been under the regulatory oversight of MAS, which approved the acquisition, allowing the exchange to operate within Singapore’s stringent compliance framework. This move reflects SBI’s broader digital asset strategy to extend its footprint across major Asian markets.
Coinhako supports trading in multiple cryptocurrencies and provides services to retail and institutional customers in the region. By acquiring a majority stake, SBI gains direct access to Coinhako’s user base and technological infrastructure, potentially accelerating product development and market reach under its corporate umbrella.
The acquisition strengthens SBI’s competitive standing amid growing regulatory clarity in Asia. As the company expands, it aligns with increasing digital asset adoption, leveraging Singapore’s reputation as a regional fintech hub. This step complements SBI’s existing investments in blockchain-related businesses and platforms.
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