SBI Holdings has acquired a majority stake in Coinhako after securing regulatory approval for the Singapore crypto exchange deal on July 16.
Summary
- SBI Holdings acquired a majority stake in Coinhako after receiving approval from Singapore’s financial regulator.
- Coinhako gives SBI a licensed base for expanding digital asset services across Southeast Asia.
- The deal complements SBI’s JPYSC stablecoin, Ondo partnership, and Solana-based JX equity token
According to SBI Holdings, the transaction involved a capital injection through SBI Ventures Asset Pte. Ltd. and the purchase of shares from Coinhako’s existing investors. Coinhako will now operate as a…
