Coinhako Gives SBI a Licensed Foothold in Singapore

[madmax]

Founded in Singapore, Coinhako operates through Hako Technology, a Major Payment Institution licensed by the Monetary Authority of Singapore (MAS). The group also runs Alpha Hako, regulated in the British Virgin Islands.

By acquiring a majority stake, SBI Holdings would gain a stronger regulated presence in Singapore — widely considered one of Asia’s leading crypto hubs.

Coinhako CEO Yusho Liu said the partnership would help scale institutional-grade systems and meet growing demand for tokenized assets and stablecoins, reinforcing Singapore’s position in next-generation finance.

[cryptohog]

alpha hako + mas licensing = feels like they’re aiming for serious institutional credibility