Singapore's regulated crypto market draws global financial giants seeking compliant growth.
Coinhako tripled its 2024 revenue to S$29.7 million as institutional clients drove 65 percent of trading volume.
SBI Holdings has entered a letter of intent to secure majority stake in the Coinhako Group.
The deal involves capital injection and share purchases through its Singapore subsidiary.
Prior Ties and Future Integration
The Japanese group held a minority position in Coinhako since 2021.
Upon approval Coinhako becomes a consolidated SBI subsidiary.
Strategic Focus on Digital Assets
SBI aims to create a robust corridor linking Japan and Southeast Asia.
Tokenized stocks and stablecoins feature prominently in the vision.
Coinhako's Licensed Operations
Hako Technology operates under MAS Major Payment Institution license.
The group also maintains regulation in the British Virgin Islands.
Leadership Perspectives
According to SBI Holdings, the transaction marks a milestone in its global strategy.
Yoshitaka Kitao noted infrastructure importance rises with tokenization.
He views the integration as advancing next-generation finance services.
Yusho Liu sees the alignment accelerating Coinhako's Asia hub ambitions.
The partnership scales infrastructure for surging tokenized asset demand.
CeFi in Regulated Web3 Landscape
Singapore's framework supports CeFi platforms while promoting Web3 innovation.
MAS initiatives like Project Guardian advance tokenization playbooks.
Regulatory Developments in Singapore
Recent DTSP rules require licensing for firms with international reach.
Stablecoin regulations ensure reserve backing and issuer oversight.
Market Implications
Traditional institutions acquire licensed exchanges for faster market access.
This trend consolidates CeFi amid broader Asia digital asset growth.
SBI CEO Yoshitaka Kitao shared the acquisition intention directly.
The post highlights the strategic announcement.
Analysts frame the move as building essential APAC crypto infrastructure.
It contrasts with debates elsewhere.
The SBI Holdings acquisition of majority stake in Coinhako underscores the synergy between established CeFi operations and emerging opportunities under strong regulation.
It provides a model for cross-border digital asset development in Asia.
