SBI Holdings has moved deeper into the digital asset market with the purchase of a majority stake in Holdbuild, the parent company of Singapore-based crypto platform Coinhako. The deal follows regulatory approval in Singapore, clearing the way for the Japanese financial services group to strengthen its position in the region.
The acquisition adds a Singapore crypto platform to SBI’s broader financial and digital asset operations. It also gives the company a larger foothold in one of Asia’s better-known regulated markets for crypto activity, at a time when established financial firms are looking for compliant ways to expand in the sector.
According to the details provided, SBI sees the transaction as part of a wider push into stablecoins, onchain finance and tokenization. Those areas have become key themes for financial institutions seeking to connect traditional services with blockchain-based products and infrastructure.
For Coinhako, the change in ownership links the platform more closely with a major Japanese financial group. For SBI, the majority stake supports its ongoing strategy of building out digital asset capabilities through regulated businesses and market expansion in Asia.
