SBI Acquires Singapore-Based Cryptocurrency Platform Coinhako with MAS Approval

SBI Holdings acquired HoldBuild, the parent company of Singapore-based cryptocurrency platform Coinhako, following approval from the Monetary Authority of Singapore (MAS). According to Coind Telegraph, SBI purchased existing shareholder stakes through capital investment, integrating Coinhako as a subsidiary. Coinhako holds a major payment institution license from MAS via its subsidiary Hako Technology Pte. Ltd. SBI had previously announced its plan to acquire Coinhako's controlling stake in February. The move aims to combine Coinhako's customer base and regional network with SBI's financial services and digital assets business.