SBI Holdings to Acquire Controlling Stake in Coinhako
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Contents
SBI Holdings Targets Majority Stake in Coinhako
Japanese financial giant SBI Holdings plans to acquire a controlling stake in Singapore-based exchange Coinhako to strengthen its presence in the crypto sector. The Tokyo-based company's wholly-owned subsidiary SBI Ventures Asset has signed a letter of intent to acquire a majority stake through capital injection into Holdbuild, Coinhako's parent company, and sales to existing investors. The deal is subject to regulatory approval and, upon completion, Coinhako will become a consolidated subsidiary of SBI.
Coinhako's Licensed Structure and Investment History
Coinhako operates through Hako Technology, a licensed Major Payment Institution by the Monetary Authority of Singapore, and also offers registered services in the British Virgin Islands. The company received investment in 2021 through SBI's joint fund with Sygnum Bank. This new move is a continuation of SBI's strategy to expand its crypto infrastructure in Asia.
SBI CEO Kitao's Digital Asset Vision
SBI Holdings Chairman and CEO Yoshitaka Kitao described this move as part of the effort to build international infrastructure for digital assets, tokenized securities, and stablecoins. Coinhako CEO Yusho Liu stated that the partnership will meet the demand for tokenized assets and stablecoins. SBI is also continuing its work on developing a Japanese yen stablecoin.
SBI's Chainlink Partnership and LINK Technical Analysis
SBI is strengthening its ecosystem by developing Asia-Pacific blockchain tools with Chainlink. According to current LINK detailed analysis data, the price is at 8.88 USD, 24-hour change +0.91%. RSI at 38.19 is in the oversold region, overall trend is downward, and Supertrend is giving a bearish signal. EMA 20: 9.4170 USD. Supports: S1 8.2483 USD (strong, 70% score), S2 8.6850 USD. Resistances: R1 9.2076 USD (strong, 73% score). Investors should monitor these levels for LINK futures trading. This partnership could increase LINK's adoption in Asia.