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SBI plans Asia digital asset empire via Coinhako acquisition and tokenization deals

SBI says its JPYSC stablecoin will be used for yen-based on-chain settlement, though it cannot yet be moved to external wallets.

Reported · Written up by our desk · Market Structure

CoinDesk reports that Japan’s SBI Group announced a set of crypto and blockchain moves aimed at building a cross-border digital asset platform across Asia, including a majority stake acquisition of Singapore-based Coinhako.

Coinhako, which holds a Major Payment Institution license from the Monetary Authority of Singapore, is being consolidated as part of SBI’s plan to link exchange activity across countries with blockchain infrastructure, CoinDesk said.

SBI also described efforts to expand tokenization, including a partnership with Ondo Finance to tokenize Japanese equities and other assets using its JPYSC stablecoin for settlement. CoinDesk added that JPYSC cannot yet be moved to external wallets.

Beyond these deals, SBI said it is partnering with the Solana Foundation, which will take an equity stake in SBI R3 Japan, renamed SBI Solana Global, focused on issuing stablecoins and tokenizing real-world assets such as corporate bonds and real estate. CoinDesk said recent investments and a planned purchase of Tokyo exchange Bitbank reflect SBI’s strategy to control more of the digital asset value chain, rather than trade around market cycles.

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