SBI Holdings Acquires Majority Stake in Singapore’s Coinhako | LeapRate
SBI Holdings, Inc. (TOKYO: 8473) has secured a majority stake in Coinhako, a prominent Singapore-based crypto asset platform, after receiving approval from the Monetary Authority of Singapore (MAS). The acquisition, completed on July 16 through SBI’s subsidiary SBI Ventures Asset Pte. Ltd., makes Holdbuild Pte. Ltd., which operates as Coinhako, a consolidated subsidiary of the Japanese financial giant.
Coinhako, led by Co-Founder and CEO Yusho Liu alongside Gerry Eng, is regarded as a pioneer in Singapore’s digital asset industry. Its operations run through Hako Technology Pte. Ltd., which holds a Major Payment Institution license from the MAS, and Alpha Hako Ltd., registered with the British Virgin Islands Financial Services Commission.
The deal fits into SBI’s broader digital asset strategy, which treats Singapore as a key hub for building a regional digital economic zone across APAC. SBI is also working with Startale on JPYSC, described as Japan’s first trust-type yen-denominated stablecoin.
SBI Chairman, President and CEO Yoshitaka Kitao said the acquisition supports the group’s ambition to link exchanges globally and remove barriers for investors. He called Singapore a frontrunner in digital asset regulation and welcomed Coinhako’s customer base and expertise.
Liu described the move as a natural progression for Coinhako, citing SBI’s institutional scale and resources as key to expanding services regionally.
