SBI Holdings Completes Coinhako Acquisition, Expanding Digital Asset Footprint in Singapore
SBI Holdings Completes Coinhako Acquisition, Expanding Digital Asset Footprint in Singapore
SBI Holdings has successfully acquired a majority stake in Coinhako, a licensed Singaporean crypto platform. This strategic move, following approval from the Monetary Authority of Singapore (MAS), integrates Coinhako into SBI's expanding global digital asset network.
SBI Holdings Strengthens Digital Asset Presence with Coinhako Acquisition
Japanese financial giant SBI Holdings has officially completed its majority acquisition of Coinhako, a prominent Singapore-based cryptocurrency exchange. The transaction received the necessary regulatory green light from the Monetary Authority of Singapore (MAS), allowing SBI to fold the licensed platform into its burgeoning digital asset ecosystem. This acquisition underscores SBI's commitment to expanding its regulated crypto operations and enhancing its market position in Southeast Asia.