ChainCatcher reports that, according to market sources, Japanese financial group SBI Holdings has announced that its subsidiary plans to acquire a majority stake in Singapore-based digital asset exchange Coinhako, pending regulatory approval.
The transaction includes providing investment capital and purchasing shares from existing shareholders. Coinhako holds a license from the Monetary Authority of Singapore and is regulated in the British Virgin Islands, with over ten years of operation in the digital asset space. The acquisition aims to integrate Coinhako’s infrastructure with SBI’s global financial network to develop a digital asset ecosystem in Asia. An SBI representative stated that this move aligns with their strategy to expand digital asset infrastructure and develop next-generation financial services.
Coinhako CEO Yusho Liu said the company plans to enhance its infrastructure to meet the growing demand for tokenized assets and stablecoins, while Singapore will continue to serve as a key hub.
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