Japan's SBI plans to acquire a majority stake in Singapore-based digital asset exchange Coinhako.

According to Mars Finance, market sources indicate that Japanese financial group SBI Holdings announced its subsidiary plans to acquire a majority stake in Singapore-based digital asset trading platform Coinhako, pending regulatory approval. The transaction involves providing investment capital and purchasing shares from existing shareholders. Coinhako, licensed by the Monetary Authority of Singapore and regulated in the British Virgin Islands, has been operating in the digital asset sector for over a decade. The acquisition aims to integrate Coinhako's infrastructure with SBI's global financial network to develop the digital asset ecosystem in Asia. An SBI representative stated that this move aligns with its strategy to expand its digital asset infrastructure and develop next-generation financial services. Coinhako CEO Yusho Liu stated that the company plans to enhance its infrastructure to meet the growing demand for tokenized assets and stablecoins, while Singapore will continue to serve as a key hub.