Japan's SBI Group is building Asia's first cross-border digital asset empire
The securities giant announced today the consolidation of Singapore-based Coinhako as part of a rapid regional expansion that includes a tokenization partnership with Ondo Finance.
AI Summary
Japan's SBI Group acquired a majority stake in Singapore's Coinhako to advance its plan for Asia's first cross-border digital asset empire. The company is also partnering with Ondo Finance and Solana to tokenize real-world assets and develop yen-based on-chain settlement. These moves are part of SBI's long-term strategy to control the full digital asset value chain across Asia.