SBI Holdings has moved to acquire a majority stake in Singapore digital asset platform Coinhako.

The Japanese financial group said its wholly owned Singapore unit has signed a letter of intent to inject capital into Coinhako and purchase shares from existing shareholders.

The deal would make Coinhako a consolidated subsidiary of SBI Holdings, subject to regulatory approvals and final terms.

Coinhako operates regulated digital asset services in Singapore through Hako Technology, a Major Payment Institution licensed by the Monetary Authority of Singapore.

It also operates Alpha Hako, a registered virtual asset service provider in the British Virgin Islands.

SBI said the proposed acquisition forms part of its global digital asset strategy and strengthens its presence in Asia.

“In this era of tokenisation, the importance of global infrastructure for digital assets is growing ever greater. Bringing Coinhako into the SBI Group as a consolidated subsidiary is not merely an investment in a single platform.

By integrating it with the digital space ecosystem SBI Group have built, this is a solid step toward realising the SBI Group’s strategy: expanding the global corridor for digital assets and creating next-generation finance including tokenised stock and stablecoin.”

said Yoshitaka Kitao, Representative Director, Chairman & President of SBI Holdings.

“Our alignment with the SBI Group accelerates our mission to be the premier digital asset hub for Asia. Mr. Kitao’s vision for a global digital corridor perfectly mirrors our own ambitions.

With SBI Group’s extensive network and resources, Coinhako will scale its institutional-grade infrastructure to meet the surging demand for tokenised assets and stablecoins, ensuring Singapore remains at the heart of the world’s next-generation financial system.”

said Yusho Liu, Co-founder and CEO of the Coinhako Group.

Featured image: Edited by Fintech News Singapore, based on image by mkmult via Freepik