As part of the transaction, SBI Holdings will provide investment capital to Coinhako as well as acquire shares in the firm from several existing shareholders.
SBI Holdings, the Tokyo-based financial services group, has signed a letter of intent to acquire Singapore-based Coinhako Group (Coinhako), through its digital assets arm, SBI Ventures Asset Pte Ltd. SBI Holdings will provide investment capital to Coinhako as well as acquire shares in the firm Coinhako Group is a leading player in the digital asset space and operates primarily through Hako Technology Pte Ltd, a payment institution licensed and regulated by the Monetary Authority of Sin