SBI Holdings acquires Coinhako majority stake

Japanese financial conglomerate SBI Group has acquired a majority stake in Singapore-based cryptocurrency platform Coinhako, following approval from the Singapore — Monetary Authority of Singapore (MAS). The transaction closed on July 16, 2026, through SBI's subsidiary SBI Ventures Asset, which injected capital into Coinhako's parent company Holdbuild Private Limited and purchased shares from existing shareholders, making Coinhako a consolidated subsidiary. Coinhako operates under Hako Technology Private Limited, which holds a Major Payment Institution license from MAS, and Alpha Hako Limited, registered with the British Virgin Islands — British Virgin Islands Financial Services Commission. The acquisition gives SBI access to Coinhako's over 400,000 customers and regulatory expertise in Southeast Asia. SBI plans to integrate Coinhako with its digital asset ecosystem, including its yen-backed stablecoin Nikkei 225, and expand services in tokenization, stablecoins, on-chain finance, and cross-border trading between Japan and Southeast Asia. This deal is part of SBI's broader strategy to build a global digital asset corridor, following recent moves such as leading EDX Markets' Series C, backing Gauntlet, partnering with the Lumina Foundation, agreeing to buy Bitbank, and teaming with Ondo Finance to tokenize Japanese equities. Coinhako co-founder and CEO Yusho Liu will continue to lead the platform.