SBI to Take Majority Stake in Singapore Crypto Platform Coinhako

SBI Coinhako acquisition plans will make the Singapore digital-asset platform a consolidated subsidiary of the Japanese group, as SBI Holdings moves to expand its regional crypto footprint.

Under the SBI Coinhako acquisition, SBI’s wholly owned unit SBI Ventures Asset Pte. Ltd. has signed a letter of intent with Holdbuild Pte. Ltd. to inject capital into Coinhako Group and buy shares from existing investors, with the final structure and price still under discussion and subject to regulatory approvals.

Coinhako operates mainly through Hako Technology Pte. Ltd., a major payment institution licensed by the Monetary Authority of Singapore, and Alpha Hako Ltd., a registered virtual-asset service provider in the British Virgin Islands.

Chairman Yoshitaka Kitao said tokenisation is boosting demand for cross-border digital-asset infrastructure.