SBI Holdings secures majority stake in Singapore's Coinhako and partners with Ondo Finance to tokenise Japanese assets

Japanese financial group SBI Holdings completed a majority‑stake acquisition of Holdbuild, the parent of Singapore‑based crypto exchange Coinhako, on 16 July after receiving approval from the Monetary Authority of Singapore. The deal makes Coinhako a consolidated subsidiary, giving SBI a regulated foothold in Southeast Asia through Coinhako’s Major Payment Institution licence.

SBI said the acquisition is part of a strategy to build a “global digital‑asset corridor” linking Japan with Southeast Asian markets. The group will combine Coinhako’s customer base and regional network with its own financial services, technology and the JPYSC yen‑backed stablecoin.

In parallel, SBI announced a strategic partnership with US‑based Ondo Finance to tokenise Japanese equities and other real‑world assets. Ondo will issue digital representations of Japanese stocks on its on‑chain platform, while SBI will distribute the products through its ecosystem and use JPYSC for settlement and collateral. SBI Chairman Yoshitaka Kitao and Ondo CEO Ian De Bode highlighted the collaboration as a bridge between Japan’s sophisticated capital markets and the global tokenised economy.

Together, the acquisition and the Ondo partnership aim to expand SBI’s digital‑asset services, tokenisation, on‑chain finance and cross‑border payments across the region.