The Japanese financial giant SBI Holdings is making a massive move into the Singaporean crypto market. In an announcement that has sent ripples through the industry, SBI confirmed it intends to acquire a majority stake in Coinhako, one of Singapore's oldest and most prominent cryptocurrency exchanges.
đ The Strategic Deal
The acquisition is being spearheaded by SBI Ventures Asset, a wholly owned subsidiary of SBI Holdings. This isn't just a minor investment; once finalized, Coinhako is expected to become a consolidated subsidiary of the SBI Group.
Target: Coinhako Group (via parent company Holdbuild Pte. Ltd.)
Structure: Majority shareholding through fresh capital injection and purchasing existing shares.
Regulation: Subject to final approval from the Monetary Authority of Singapore (MAS).
đĄïž Why Coinhako?
Coinhako holds a prestigious Major Payment Institution (MPI) license from MAS, allowing it to provide regulated Digital Payment Token (DPT) services. This license is the "gold standard" in Singapore, positioning Coinhako as a trusted bridge for both retail and institutional capital.
đ The "Global Corridor" Vision
SBI Chairman and CEO Yoshitaka Kitao described the move as a cornerstone of SBIâs global digital asset strategy. The goal is to build a "next-generation financial powerhouse" that integrates:
Tokenized Securities: Bridging traditional stock markets with blockchain.
Stablecoin Infrastructure: Powering seamless cross-border payments.
Institutional Liquidity: Leveraging SBIâs vast financial network to scale Coinhakoâs operations.
đĄ The Bottom Line
This acquisition signals a major consolidation phase in the Asian crypto sector. By combining SBIâs institutional muscle with Coinhakoâs regional expertise, the partnership aims to cement Singaporeâs status as the heart of the worldâs next-gen financial system.
What do you think? Does SBIâs entry make you more bullish on the Singapore crypto scene? đŹ Letâs discuss below!
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