Japanese financial conglomerate SBI Holdings is seeking to expand its global crypto footprint through a planned acquisition of a controlling stake in Singapore-based exchange Coinhako. The firm announced that its wholly owned subsidiary, SBI Ventures Asset, has signed a letter of intent with Coinhako’s parent company, Holdbuild, to inject capital and purchase shares from existing investors.
If finalized, the transaction would make Coinhako a consolidated subsidiary of SBI Holdings, pending regulatory approvals. Chairman and CEO Yoshitaka Kitao framed the move as part of a broader strategy to build international digital asset infrastructure, including tokenized securities and stablecoin ecosystems. Financial terms and final ownership structure have not yet been disclosed, as negotiations remain ongoing under the nonbinding agreement.
The acquisition would provide SBI with a licensed operational base in Singapore, a major regulated hub for digital asset businesses in Asia. Coinhako operates its trading platform through Hako Technology, a Major Payment Institution licensed by the Monetary Authority of Singapore, positioning it as a compliant gateway to regional retail and institutional crypto markets.
