SBI Holdings completed the acquisition of majority shares in Coinhako

SBI Holdings completed the acquisition of majority shares in the Singapore encrypted currency platform Coinhako on 16 July and included Coinhako in the scope of the merged subsidiary. The transaction was approved by the Singapore Finance Authority. The Coinhako entity holds a large Singapore payment agency licence. The SBI Holdings will promote the development of encrypted asset transactions, currency stabilization, monetization, chain finance and cross-border payments between Japan and the South-East Asian market, taking into account Coinhako ' s customer base, business experience and regional networks。