In a significant move, SBI Holdings has secured a controlling interest in Coinhako, one of Singapore's top cryptocurrency exchanges, following regulatory approval from the Monetary Authority of Singapore. This acquisition was finalized on July 16, 2026, through SBI Ventures Asset, and involves both a capital investment and the purchase of shares from current shareholders.
Coinhako operates under Hako Technology, which holds a Major Payment Institution license in Singapore, and also has a registered crypto asset service provider, Alpha Hako, in the British Virgin Islands. With this acquisition, SBI reinforces its strategic foothold in Southeast Asia's regulated crypto market, recognizing Singapore's importance in its broader digital asset strategy.
SBI Holdings plans to use Coinhako’s established regulatory experience and customer base to enhance its digital finance ecosystem across Asia-Pacific. The firm aims to introduce new services while focusing on growth areas such as tokenization, stablecoins, and cross-border digital asset transactions, all within local regulatory frameworks.
This acquisition may also coincide with SBI’s broader ambitions in the cryptocurrency landscape, especially as it works on a ¥46.7 billion ($289 million) deal to acquire Japanese exchange Bitbank. This move would position SBI as the largest crypto trading entity in Japan based on assets under management.
As part of its commitment to strengthening its operations in Singapore, SBI will be celebrating the 60th anniversary of diplomatic relations between Japan and Singapore by hosting its first overseas branch managers’ meeting in the city-state.
This content is informational and not financial advice.
