SBI Holdings, a prominent Japanese financial group, has announced plans for its subsidiary to acquire a majority stake in Coinhako, a Singapore-based digital asset exchange. The acquisition, pending regulatory approval, involves both investment capital and share purchases from existing shareholders. Coinhako, licensed by the Monetary Authority of Singapore and regulated by the British Virgin Islands, has been active in the digital asset sector for over ten years.
The strategic acquisition aims to integrate Coinhako's infrastructure with SBI's global financial network, fostering the development of a digital assets ecosystem across Asia. This move is part of SBI's broader strategy to expand its digital assets infrastructure and advance next-generation financial services. Coinhako CEO Yusho Liu highlighted plans to enhance the company's infrastructure to accommodate the rising demand for tokenized assets and stablecoins, with Singapore remaining a central hub for operations.
SBI Group to Acquire Majority Stake in Singapore's Coinhako
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
