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
Nasdaq and the tokenization platform Seturion under Stuttgart Stock Exchange have reached a partnership
Nasdaq collaborates with the Stuttgart Stock Exchange Group to develop the tokenized settlement platform Seturion, focusing on financial derivatives. The goal is to accelerate asset settlement in the European capital markets, reduce complexity, and expand the network of participating financial institutions.
GateNews16m ago
Cardano Powers New Institutional RWA Platform With Archax Integration
Cardano has partnered with Archax to bring all its MemberCap Fund I tokens to its regulated infrastructure.
The partnership builds on Cardano’s expansion beyond on-chain markets to target institutional investors and real-world payments.
Cardano has announced a new partnership with Archax, a
CryptoNewsFlash20m ago
Nasdaq enters European tokenized settlement, collaborates with Seturion to build a unified clearing platform
Nasdaq and the Stuttgart Stock Exchange Group's Seturion collaborate to modernize Europe's post-trade infrastructure by integrating tokenized securities trading and settlement through blockchain technology, aiming to address the fragmentation of European capital markets. The initial focus will be on structured products, with plans to expand to other asset classes. This move is also part of Nasdaq's global tokenization strategy.
MarketWhisper56m ago
A new account deposits $5,000 from a certain CEX and, on the day after Predict.fun's launch, the FDV surpasses multiple valuation thresholds.
On March 10th, a new account placed a $5,000 bet on Predict.fun FDV on Polymarket, including $2,100 on "FDV > 300M." At this time, Predict.fun announced the acquisition of Probable and launched a joint staking program to attract liquidity.
GateNews1h ago
Nvidia will release NemoClaw, an open-source AI agent platform, as AI encryption tokens collectively rise, with TAO and NEAR leading the way
Nvidia plans to launch the open-source AI agent platform NemoClaw, driving the rise of AI-related crypto assets. Several AI tokens have performed well, with an overall increase of approximately 4.8%. NemoClaw will assist companies in developing intelligent agents, integrating security and privacy tools, and is expected to further promote collaboration at the upcoming developer conference.
GateNews2h ago
