SBI takes majority stake in Coinhako to expand crypto in Asia
The Japanese securities group is buying its way into Singapore, Japan and on-chain yen settlement at once, the first full-stack vertical a major Asian financial group has tried to build.
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The Japanese securities group is buying its way into Singapore, Japan and on-chain yen settlement at once, the first full-stack vertical a major Asian financial group has tried to build.
The Japanese financial group's Singapore subsidiary clears a full MAS review, folding Coinhako into a regional crypto footprint that already spans Japan, Vietnam, and the Middle East.
SBI now owns the parent of one of Singapore's regulated retail crypto venues, folding a MAS-licensed exchange into a group that already runs a domestic crypto trading unit in Japan.