SBI Acquires Coinhako to Expand Digital Assets | Bitcoin and Crypto News

SBI Holdings just snagged regulatory approval to take over Coinhako, Singapore’s top crypto exchange, in a major move to dominate stablecoins, onchain finance, and tokenized assets across Southeast Asia. This isn’t just a purchase—it’s a strategic consolidation to merge Coinhako’s regional clout with SBI’s global fintech muscle, including their JPYSC stablecoin. And it’s just the latest in a flurry of big plays: SBI also led a $76M funding round for EDX Markets, is set to buy Bitbank for $289M to build Asia’s largest crypto exchange, and is launching Strium, a blockchain for tokenized assets, while partnering with Ondo Finance to tokenize Japanese stocks—all to cement its position as the region’s crypto powerhouse. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/168945a7f49e3e3a