Japanese financial services conglomerate SBI Holdings is reportedly moving to acquire a majority stake in Coinhako, a prominent cryptocurrency exchange based in Singapore. This strategic move is part of SBI’s broader initiative to solidify its footprint in the digital asset landscape across Southeast Asia. Coinhako, which was among the first digital asset platforms to receive a Major Payment Institution license from the Monetary Authority of Singapore (MAS), offers a vital gateway for SBI to access the regional market. The acquisition is expected to leverage SBI’s extensive financial expertise and Coinhako’s established user base to enhance digital token services in the region. This development follows SBI’s continued investment in blockchain technology and highlights the growing trend of traditional financial institutions integrating with regulated crypto-native platforms.
Source: SBI Holdings targets majority stake in Singapore crypto exchange Coinhako
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