BlockBeats News, February 17 — Japanese financial group SBI Holdings plans to acquire a majority stake in Singapore-based crypto CEX Coinhako to further deepen its presence in the cryptocurrency sector.
The announcement states that SBI Holdings’ wholly owned subsidiary SBI Ventures Asset has signed a letter of intent with Coinhako’s parent company Holdbuild, intending to invest in Coinhako and acquire shares from existing investors. If the transaction is completed, SBI Holdings will obtain a majority stake in Coinhako and make Coinhako a consolidated subsidiary, but the deal is still subject to regulatory approval.
Financial terms and ownership details of the acquisition have not been disclosed, and the investment structure and share purchase plan are still under discussion. This non-binding deal will enable SBI to obtain a legal license in Singapore, which is one of Asia’s major regulated cryptocurrency hubs. (Cointelegraph)
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
NYSE Taps Securitize for 24/7 Tokenized Trading Platform
NYSE partners Securitize to build tokenized securities platform enabling on-chain trading and settlement.
Securitize named digital transfer agent to mint securities and manage ownership on blockchain systems.
Platform targets institutional use with continuous trading and
CryptoFrontNews17m ago
The full-chain stablecoin protocol USDT0 has launched on the Tempo public blockchain and has been deployed to 23 networks.
The full-chain stablecoin protocol USDT0 launched on the Tempo public chain developed by Stripe and Paradigm on March 26. Based on the LayerZero OFT standard, it supports 1:1 pegging with USDT and has been deployed on at least 23 networks, facilitating bridgeless cross-chain transfers.
GateNews1h ago
Revolut Claims $1.2B Mark in On-Chain Transfers Via Stablecoins on Polygon
Revolut has achieved over $1.2B in on-chain transfer volume on Polygon, highlighting blockchain's growing role in finance. This enables cheaper, faster cross-border transactions, signaling a shift from traditional banking to digital asset and stablecoin usage.
BlockChainReporter2h ago
Ripple RLUSD Pilot Goes Live: Singapore Tests Trade Finance Shift
_Ripple pilots RLUSD in Singapore MAS sandbox, automating trade finance with XRPL smart contracts and BNY Mellon-backed custody._
Ripple is testing the RLUSD stablecoin in Singapore bank sandbox for trade payments, marking a new step in enterprise blockchain use.
The pilot focuses on improving
LiveBTCNews2h ago
Futu's "Leopard Exchange" is fully open for business, announcing the upcoming launch of "Margin Trading."
Futu Holdings announces the official launch of its virtual asset trading platform, "Leopard Exchange," which will be fully integrated with Futu Securities to offer virtual asset trading and services. This is Hong Kong's first compliant trading platform operated by a brokerage, aimed at optimizing private wealth management and providing customized services. The company plans to introduce 24/7 trading and virtual asset financing services, with the goal of becoming a key bridge connecting traditional finance and virtual assets.
区块客3h ago
Sonic SVM acquires ForgeX, an open-source on-chain market-making tool ForgeX CLI
The Sonic SVM Foundation announced on March 26th that it has acquired the market-making tool developer ForgeX and open-sourced its ForgeX CLI product. This tool provides Solana developers with various on-chain operation features, including token creation, cross-DEX market making, and more, outputting structured JSON format for easy AI agent integration.
GateNews3h ago
