SBI Holdings has completed its acquisition of a majority stake in Singaporean crypto exchange Coinhako, five months after first agreeing the deal.
SBI Completes Coinhako Acquisition After Regulatory Approval
17 July 2026 - 11:04 CEST
By Stu Clelland
As reported in February, SBI's Singapore subsidiary, SBI Ventures Asset, agreed to inject capital into and buy shares in Coinhako's parent, Holdbuild Pte. Ltd. The transaction was pending regulatory approval at the time.
In a 17 Jul statement, SBI said it had obtained approval from the Monetary Authority of Singapore and acquired the majority stake on 16 Jul, making Coinhako a consolidated subsidiary.
Yoshitaka Kitao, chair, president and chief executive of SBI Holdings, said the deal supports the group's ambition to build "a global corridor for digital assets" connecting exchanges worldwide. Coinhako co-founder and chief executive Yusho Liu said the backing gives the exchange "the institutional scale, the ecosystem, and the mandate" to expand across the region.
SBI did not disclose the financial terms of the transaction in its statement. Sandmark has contacted SBI Holdings for details on the deal value, but had yet to receive a response at the time of publication.
