Overview
- SBI announced plans to acquire a majority stake in licensed exchange Coinhako and to invest additional funds in the group.
- The investment is being routed through Singapore-based SBI Ventures Asset rather than SBI Digital Asset Holdings.
- The transaction includes a capital injection and purchases of shares from existing investors, with completion subject to regulatory approval in Singapore.
- Coinhako serves retail and institutional clients in Singapore, and its group includes Alpha Hako, which is regulated in the British Virgin Islands.
- SBI cites tokenization as a strategic focus and builds on assets such as B2C2, SBI VC Trade, the AsiaNext venture with SIX, and prior expansions via Bitpoint Japan and DMM Bitcoin customer accounts.