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Home›Crypto›Market Structure›SBI Holdings completes Coinhako majority acquisition a…

SBI Holdings completes Coinhako majority acquisition after MAS approval

The Block said the deal adds Coinhako to SBI Holdings' growing network of licensed digital asset operations in Singapore.

Reported · Written up by our desk · Market Structure

SBI Holdings has completed its majority acquisition of Singapore cryptocurrency platform Coinhako, following approval from Singapore's financial regulator, the Monetary Authority of Singapore.

According to The Block, the transaction brings Coinhako into SBI Holdings' expanding digital asset network, with the exchange being folded into its broader operations.

The report notes that the acquisition occurred after MAS approval, meaning the regulatory green light was a condition for closing.

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Sources

The BlockSBI Holdings completes majority acquisition of Singapore crypto platform Coinhako following MAS approval

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