SBI Holdings takes control of Singapore crypto platform Coinhako

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SBI completes Coinhako deal

Highlights

SBI acquired a majority stake in Coinhako.
MAS approval cleared the Singapore deal.
Coinhako holds regulated operating links in Singapore.
SBI is expanding into stablecoins and tokenization.

The acquisition was completed after approval from the Monetary Authority of Singapore and will bring Coinhako under SBI’s control through SBI Ventures Asset, The Block reported. Coinhako operates mainly through Hako Technology Pte. Ltd., which holds a Major Payment Institution license from MAS, and Alpha Hako Ltd., a crypto asset service provider registered in the British Virgin Islands.

SBI builds a regional digital asset corridor

SBI plans to combine Coinhako’s customer base, operating experience, and Southeast Asia network with its own financial services and technology infrastructure. The company is positioning the acquisition as part of a wider plan to connect Japan and Southeast Asia through a digital asset corridor.

The group also plans to develop services linked to its cryptocurrency and digital finance operations, including JPYSC, its yen-denominated stablecoin. SBI is also looking at tokenization, onchain finance and cross-border trading, areas where regulated access and local licensing are becoming more important.

Deal follows a series of crypto moves

The Coinhako purchase is part of a broader expansion by SBI in digital assets. Over the past month, the company became the sole investor in Gauntlet’s $125 million Series C round, led EDX Markets’ $76 million Series C funding, launched JPYSC, and partnered with the Solana Foundation to support an onchain financial market in Japan.

SBI also acquired Japanese crypto exchange Bitbank for nearly $289 million in June and announced a partnership with Ondo Finance this week to tokenize Japanese equities. The pace of activity suggests SBI is building a multi-market structure that spans exchanges, stablecoins, tokenized assets, and institutional trading infrastructure.

Singapore becomes a strategic base

Singapore is central to the deal because it has a developed regulatory framework for digital assets and a large regional financial services market. For SBI, Coinhako adds a regulated platform, local customer relationships, and operational know-how in Southeast Asia.

The acquisition also shows how traditional financial groups are moving deeper into crypto infrastructure rather than treating digital assets as a side business. SBI’s recent deals cover stablecoins, exchanges, tokenized securities, and institutional markets, giving the group more control over the full digital-asset chain.

As we previously reported, SBI Crypto is to shut down the mining pool after five years of operation.

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