Japanese financial giant SBI Holdings has completed its acquisition of a majority stake in Singapore-based cryptocurrency exchange Coinhako after receiving regulatory approval from the Monetary Authority of Singapore (MAS). The deal folds the licensed exchange into SBI’s expanding digital asset network across Japan and Southeast Asia.
Coinhako, which holds a Major Payment Institution license from MAS, will operate under SBI’s broader digital asset strategy, which covers stablecoins, tokenization, and on-chain finance. The acquisition gives SBI a regulated foothold in one of Asia’s most important crypto hubs and access to Coinhako’s user base and trading infrastructure.
The deal is part of a broader SBI expansion across the crypto landscape. The firm has also partnered with Solana Foundation for Japanese real-world asset markets, invested in EDX Markets’ $76 million Series C, and backed Ondo Finance for tokenizing Japanese assets. SBI’s aggressive push into digital assets positions it as a bridge between traditional Japanese finance and global crypto markets.
On-chain data reveals that SBI has inherited over 1.11 trillion Shiba Inu tokens through the Coinhako acquisition, making it one of the largest SHIB holders. As reported by The Block, Bitcoin Magazine, and multiple other outlets, the acquisition signals accelerating institutional consolidation in the crypto exchange sector.
