SBI Holdings, Inc. today announced that its wholly-owned subsidiary, SBI Ventures Asset Pte. Ltd., has entered into a letter of intent with Singapore-based Holdbuild Pte. Ltd. To provide investment capital to the Coinhako Group as well as acquire shares in Coinhako Group from several existing shareholders.

Through the Proposed Transaction, the SBI Group intends to acquire a majority stake in the Coinhako Group. Accordingly, upon completion of the Proposed Transaction, Coinhako is expected to become a consolidated subsidiary of SBI Holdings.

Coinhako Group, headquartered in Singapore, is a pioneer in the digital asset space. It operates primarily through Hako Technology Pte. Ltd., a Major Payment Institution licensed and regulated by the Monetary Authority of Singapore (MAS), and Alpha Hako Ltd., a registered virtual asset service provider regulated by the BVI Financial Services Commission.

This Proposed Transaction marks a significant milestone in the SBI Group’s global digital asset strategy. By integrating Coinhako Group’s decade-long operational expertise and robust digital asset infrastructure with SBI Group’s extensive financial resources and global network, the two entities endeavor to establish a next-generation digital asset powerhouse in Asia.

SBI Group and Coinhako Group will maximize synergies between both parties to provide seamless services that bridge traditional and next-generation finance for both retail and institutional clients.

“In this era of tokenization, the importance of global infrastructure for digital assets is growing ever greater,” stated Yoshitaka Kitao, Representative Director, Chairman & President of SBI Holdings. “Bringing Coinhako into the SBI Group as a consolidated subsidiary is not merely an investment in a single platform. By integrating it with the digital space ecosystem SBI Group have built, this is a solid step toward realizing the SBI Group’s strategy: expanding the global corridor for digital assets and creating next-generation finance including tokenized stock and stablecoin.”

“Our alignment with the SBI Group accelerates our mission to be the premier digital asset hub for Asia,” shared Yusho Liu, Co-founder and CEO of the Coinhako Group. “Mr. Kitao’s vision for a global digital corridor perfectly mirrors our own ambitions. With SBI Group’s extensive network and resources, Coinhako will scale its institutional-grade infrastructure to meet the surging demand for tokenized assets and stablecoins, ensuring Singapore remains at the heart of the world’s next-generation financial system.”