SBI Acquires Singapore Crypto Platform Coinhako After MAS Approval
Vexoda Newsroom
Japanese financial services group SBI Holdings has acquired a majority stake in Singapore-based crypto exchange Coinhako with regulatory approval from the Monetary Authority of Singapore (MAS). This m
SBI Holdings, a leading Japanese financial services company, recently received regulatory clearance to acquire a controlling interest in Singapore’s crypto platform, Coinhako. The approval from the Monetary Authority of Singapore (MAS) allowed SBI to purchase shares from existing shareholders through capital injection, making Coinhako a consolidated subsidiary.
Coinhako operates under a Major Payment Institution license granted by MAS and holds significant market presence within Southeast Asia. In February 2026, SBI announced its intention to acquire the company as part of an ambitious expansion strategy into stablecoins, onchain finance, and tokenized assets.
The acquisition aims to integrate Coinhako’s customer base and regional network with SBI’s existing financial services and digital asset initiatives. These include JPYSC, a stablecoin project aimed at facilitating transactions in Japan's yen. By combining resources, SBI hopes to enhance its presence in the rapidly growing crypto market.
This deal is part of SBI’s broader strategy to deepen its involvement in Asia through acquisitions, investments, and tokenization initiatives. In recent months, SBI has also led a $76 million funding round for institutional crypto exchange EDX Markets and planned to acquire Bitbank for $289 million, further solidifying its position as one of Japan's largest crypto exchanges.
SBI views Singapore as a key hub in its digital asset strategy. The company plans to hold the first overseas branch managers’ meeting in Singapore this summer to strengthen local business foundations. This acquisition underscores SBI’s commitment to expanding into Southeast Asia, leveraging Coinhako’s established presence and regulatory compliance within the region.
The broader implications of this move include enhanced collaboration between traditional financial services and emerging crypto platforms. It also highlights the growing importance of stablecoins in facilitating transactions across various markets. Traders should watch how SBI integrates its digital asset initiatives with existing financial products, as well as any changes to Coinhako’s operations under new ownership.
Traders interested in this development may want to monitor SBI's future moves and their impact on the broader crypto ecosystem. The integration of stablecoins like JPYSC could open up new opportunities for cross-border transactions and institutional participation.
Source: Cointelegraph. Summarized and rewritten by the Vexoda Newsroom. This is market news, not financial advice.