SBI Holdings has acquired a majority stake in the Singapore-based cryptocurrency platform Coinhako to expand its digital asset network across Asia.
This move signals a strategic push by the Japanese financial giant to integrate regional markets through a pan-Asian on-chain settlement corridor. By combining a licensed exchange in Singapore with its operations in Japan, SBI aims to facilitate more efficient cross-border transactions and the tokenization of real-world assets.
The acquisition followed approval from the Monetary Authority of Singapore on July 16, 2026 [1], with the official announcement following on July 17 [1]. The purchase of the majority stake in Coinhako provides SBI with a critical foothold in Southeast Asia's crypto ecosystem [2], [3].
Beyond the acquisition, SBI is establishing partnerships with Ondo Finance and the Solana Foundation. These collaborations are designed to build a cross-border digital asset empire that leverages on-chain settlement [1], [5]. A central part of this strategy involves the use of SBI's JPYSC stablecoin to enable the tokenization of assets across different jurisdictions [1], [5].
Through the partnership with the Solana Foundation, SBI intends to launch a new on-chain market in Japan [5]. This infrastructure is expected to streamline how digital assets are traded and settled between Japanese and Singaporean entities, reducing the reliance on traditional banking intermediaries.
SBI Holdings is positioning itself as a primary bridge for institutional capital moving into the Asian digital asset space [1]. The group's strategy focuses on creating a unified network where stablecoins, and tokenized assets, can move seamlessly across borders [1], [5].
“SBI Holdings has acquired a majority stake in the Singapore-based cryptocurrency platform Coinhako”
The integration of Coinhako into the SBI ecosystem, paired with Solana and Ondo Finance partnerships, represents a shift toward institutionalized 'on-chain' finance in Asia. By utilizing its own stablecoin for settlement, SBI is attempting to bypass traditional cross-border payment frictions, potentially setting a blueprint for how traditional financial conglomerates in the region manage digital asset liquidity and regulatory compliance across multiple jurisdictions.
