SBI Holdings Moves to Acquire Majority Stake in Coinhako

[madmax]

Japanese financial giant SBI Holdings is expanding deeper into crypto, announcing plans to take a controlling stake in Singapore-based exchange Coinhako.

Through its subsidiary SBI Ventures Asset, the firm signed a letter of intent to inject capital and purchase shares from existing investors. If completed, Coinhako would become a consolidated subsidiary of SBI — pending regulatory approval.

CEO Yoshitaka Kitao described the move as more than just an investment, calling it part of SBI’s broader strategy to build global infrastructure for digital assets, including tokenized securities and stablecoins. Financial terms have not yet been disclosed.

[cryptohog]

controlling stake in singapore’s exchange = stronger regulated presence, smart strategy