SBI Holdings Completes Majority Acquisition of Singapore's Coinhako
SBI Holdings has completed a majority-stake acquisition of Singapore crypto exchange Coinhako after clearance from the Monetary Authority of Singapore. The deal, made through subsidiary SBI Ventures Asset, makes Coinhako a consolidated subsidiary of the Japanese financial group.
SBI Holdings takes majority control of Coinhako
SBI Holdings has completed its acquisition of a majority stake in Coinhako, a Singapore-based cryptocurrency exchange. The Japanese financial group made the purchase through its subsidiary SBI Ventures Asset. The unit injected fresh capital into Coinhako and bought shares from existing shareholders. The deal became effective on 16 July 2026 and makes Coinhako a consolidated subsidiary of SBI. The group announced the completed acquisition on 17 July 2026. Coinhako runs a retail trading platform for digital assets and has operated in Singapore for several years.
MAS approval clears the Coinhako acquisition
The transaction followed clearance from the Monetary Authority of Singapore (MAS). Coinhako operates through Hako Technology Pte. Ltd., which holds a Major Payment Institution licence from MAS. A second entity, Alpha Hako Ltd., is registered as a crypto asset service provider with the British Virgin Islands Financial Services Commission. The MAS licence lets the exchange offer regulated payment and digital token services in Singapore.
SBI targets a global digital asset corridor
SBI Chairman Yoshitaka Kitao framed the acquisition as part of a wider push to link exchanges across markets. He described Singapore as a key region because its digital asset regulations are ahead of the curve. Kitao said Coinhako joined the group with a solid customer base and established operating experience.
"Our group aims to create a global corridor for digital assets by connecting exchanges around the world, enabling investors worldwide to make optimal investments without being hindered by national borders or currency barriers", 17 July 2026. — Yoshitaka Kitao, Chairman and President, SBI Holdings
The deal caps a run of SBI crypto purchases
The Coinhako deal caps an active year of dealmaking for SBI. According to The Block, the group agreed in June 2026 to buy Japanese exchange bitbank for nearly 289 million dollars. SBI has also backed risk-modelling firm Gauntlet as the sole investor in a 125 million dollar funding round. Its other recent moves include the launch of the JPYSC yen-denominated stablecoin and a partnership with Ondo Finance to tokenise Japanese equities.
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