Japan’s SBI Holdings announced plans to acquire a majority shareholding in licensed Singapore crypto exchange Coinhako and invest additional funds in the group. The investment is being made via Singapore’s SBI Ventures Asset, rather than SBI Digital Asset Holdings which is also based in Singapore.

In addition to operating Coinhako for both retail and institutional investors, the group also owns Alpha Hako, which is regulated in the British Virgin Islands. SBI positioned the investment as creating a digital asset powerhouse in Asia. The Japanese group already has a strong footprint in crypto, with its ownership of international market maker B2C2 and in Japan the crypto…