SBI acquires Singaporean crypto platform Coinhako after MAS approval
CoinTelegraph·
60-second summary
SBI Holdings is acquiring a majority stake in Singapore-based crypto exchange Coinhako after receiving regulatory approval from the Monetary Authority of Singapore. The acquisition marks SBI's expansion into stablecoins, onchain finance, and tokenized assets, further solidifying its presence in the Asian market, where it aims to capitalize on growing demand for digital assets and related services.
SBI Holdings received regulatory approval to acquire a majority stake in Singapore-based crypto exchange Coinhako as it expands into stablecoins, onchain finance and tokenized assets.