Overview
- SBI completed the majority‑stake purchase on July 16, making Coinhako a consolidated subsidiary after receiving approval from the Monetary Authority of Singapore.
- The deal was executed through SBI Ventures Asset Pte. Ltd. via a capital injection into Holdbuild and purchases of shares from existing investors, with financial terms and exact stake size not disclosed.
- Coinhako will continue to be run by its co‑founders and local management, preserving operational continuity while giving SBI a regulated distribution point in Southeast Asia.
- Coinhako’s group structure includes Hako Technology, which holds a MAS Major Payment Institution licence in Singapore, and Alpha Hako, which is registered in the British Virgin Islands.
- The acquisition fits into SBI’s wider Asia strategy that includes the JPYSC yen stablecoin, tokenization partnerships and a planned or ongoing bid for Japan’s bitbank, and the next steps to watch are product integration, cross‑border rollouts and regulatory compliance across jurisdictions.