SBI Holdings acquires majority stake in Coinhako parent Holdbuild

SBI Holdings has completed a majority investment in Holdbuild, the parent company of Singapore-based crypto platform Coinhako, after receiving approval from the Monetary Authority of Singapore. The Japanese financial group said it finalized a capital injection and share purchase on July 16, making Coinhako a subsidiary. Financial terms were not disclosed. Coinhako operates through Hako Technology, which holds a Major Payment Institution license in Singapore, giving SBI control of a regulated venue in a market the company describes as strategically important for digital assets. The acquisition also brings access to Coinhako’s network of more than 400,000 customers and its operating experience across Southeast Asia. SBI Chairman and Chief Executive Officer Yoshitaka Kitao said the purchase supports the group’s objective of connecting digital asset exchanges across multiple jurisdictions and building a global network that reduces national-border and currency barriers for investors. SBI said Coinhako will be folded into its broader digital finance business, including its yen-backed stablecoin JPYSC, with plans to expand tokenization, stablecoins, blockchain-based finance and cross-border payments linking Japan with Southeast Asia. The move follows SBI’s agreement to acquire Japan’s Bitbank and its partnership with Ondo Finance to support the tokenization of Japanese equities.