SBI Holdings Acquires Majority Stake in Singapore Crypto Exchange Coinhako

TLDR: SBI Holdings acquired a majority stake in Coinhako parent Holdbuild on July 16 after MAS approval. Coinhako’s Hako Technology holds a Major Payment Institution license from Singapore’s monetary authority. SBI links the deal to JPYSC, Japan’s first trust-type yen-denominated stablecoin project with Startale. Coinhako CEO Yusho Liu says SBI’s backing will expand the platform’s [...]

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