coinhako

According to Cointelegraph, Japan's financial group SBI Holdings plans to acquire a majority stake in the Singaporean cryptocurrency exchange Coinhako to further deepen its layout in the cryptocurrency field.The announcement stated that SBI Holdings' wholly-owned subsidiary SBI Ventures Asset has signed a letter of intent with Coinhako's parent company Holdbuild to inject capital into Coinhako and acquire shares from existing investors.If the transaction is completed, SBI Holdings will obtain a majority stake in Coinhako, making Coinhako a consolidated subsidiary; however, the transaction is still subject to regulatory approval. The financial terms and ownership details of the acquisition have not been disclosed, and the investment structure and share purchase plan are still under discussion. This non-binding transaction will allow SBI to obtain a legitimate license in Singapore, which is one of Asia's major regulated cryptocurrency hubs.

According to market news, Japan's financial group SBI Holdings announced that its subsidiary plans to acquire a majority stake in the Singapore digital asset trading platform Coinhako, pending regulatory approval.The transaction includes providing investment capital and purchasing shares from existing shareholders. Coinhako holds a license from the Monetary Authority of Singapore and is regulated by the British Virgin Islands, having operated in the digital asset space for over a decade. The acquisition aims to integrate Coinhako's infrastructure with SBI's global financial network to develop a digital asset ecosystem in Asia. An SBI representative stated that this move aligns with its strategy to expand digital asset infrastructure and develop next-generation financial services.Coinhako CEO Yusho Liu stated that the company plans to enhance its infrastructure to meet the growing demand for tokenized assets and stablecoins, while Singapore will continue to serve as a key hub.