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SBI Holdings acquires 1.11 trillion Shiba Inu tokens via Coinhako takeover, expanding crypto retail reach in Asia-Pacific.

Market News
17 Jul 2026
UToday
View Source
Bullish
pluang ai news

Japanese financial giant SBI Holdings has completed its acquisition of Singapore-based crypto exchange Coinhako, inheriting over 1.11 trillion Shiba Inu (SHIB) tokens worth about $4.52 million. This move, approved by Singapore's Monetary Authority, strengthens SBI's position in the Asia-Pacific crypto market by integrating Coinhako's regulated fiat gateway and retail liquidity. SBI aims to leverage this acquisition to expand cross-border B2B crypto services, tokenization of real-world assets, and launch a yen-backed stablecoin, enhancing its retail platform offerings in the region.

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