SBI Holdings Secures MAS-Approved Majority Stake in Singapore Crypto Platform Coinhako
SBI Holdings, a major Japanese financial services company and partner of Ripple, has acquired a majority stake in Coinhako, a Singapore-based cryptocurrency exchange that is approved by the Monetary Authority of Singapore (MAS). The acquisition adds approximately 400,000 users to SBI's digital asset operations and expands its presence across Asia-Pacific.
Key Highlights
- •SBI Holdings secures MAS-approved majority stake in Singapore crypto exchange Coinhako
- •Acquisition brings 400,000 users into SBI's digital asset platform
- •Move strengthens SBI's Asia-Pacific strategy in stablecoins, tokenized assets, and cross-border digital finance
- •Reflects SBI's continued expansion in crypto and digital finance alongside its Ripple partnership
Why It Matters
This acquisition signals major institutional adoption and regulatory confidence in Singapore's crypto ecosystem, while positioning SBI as a key player in Asia-Pacific digital finance infrastructure. The move strengthens the bridge between traditional finance and cryptocurrency through a regulated entity backed by a major Japanese conglomerate.
Source: CryptoTalkies Events Feed
Frequently Asked Questions
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