SBI Holdings make strategic investments in Singapore’s first licensed crypto exchange Coinhako

December 17, 2021
Japanese SBI Holdings Inc has bought a stake in one of Asia’s oldest crypto exchanges, Coinhako. In order to do this, SBI Holdings has set up a joint venture with Switzerland-based Sygnum Bank as the company.
“The fund leverages the in-depth expertise of both the Group and the Sygnum Banking Group, which are pioneers in the field of digital assets, to complement digital assets, financial services and fintech, as well as the networks of both companies across Asia and Europe. And in Europe, we plan to make venture investments focused primarily on financial market infrastructure and enterprise solutions related to DLT,” the two companies said in a statement.
With an objective to expand its crypto portfolio, SBI Holdings bought local exchange Tao Tao.
Source: Finance Feeds
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