Regulations
By Bruce Buterin
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Stablecoins and Tokenized Assets Drive the Play. SBI's interest here isn't just in running a crypto exchange.
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What Coinhako Brings to the Table. Coinhako's value to SBI goes beyond a license and a user list.
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SBI Holdings has locked in regulatory approval to take a majority stake in Coinhako, a Singapore-based cryptocurrency exchange.
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Singapore's financial regulators signed off on the acquisition, clearing the main hurdle for SBI to move forward.
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SBI's interest here isn't just in running a crypto exchange. The group has been pretty open about where it sees the next wave of financial technology heading — stablecoins,…
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SBI wants a piece of all of it. And Coinhako's infrastructure, built to handle crypto trading at scale in a regulated environment, is a platform that can be adapted for those…
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Singapore matters here. The city-state has spent years crafting a regulatory framework for digital assets that's strict enough to keep bad actors out but clear enough that…
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Coinhako's value to SBI goes beyond a license and a user list. The exchange has market knowledge — it knows how Southeast Asian crypto users behave, what products they want, what…
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Related: Circle faces challenges today, as the company navigates significant market fluctuations. Meanwhile
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SBI's broader crypto strategy has been building for a while now. The group has made moves across the digital asset space in Japan and internationally, and the Coinhako deal fits…
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For Coinhako, the deal brings capital and the backing of a major Japanese financial institution. That's not nothing.
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The stablecoin angle is worth watching closely. SBI has talked publicly about its ambitions in that space, and Coinhako's platform could serve as a distribution and settlement…
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More context: Bybit Snaps Up NOBI to Reach Indonesias 21 Million Crypto Users
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There's still work to do before the integration is complete. The final procedural steps SBI mentioned aren't spelled out in detail, and it's unclear exactly how long the full…
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But the regulatory approval is done. SBI Holdings owns a majority of Coinhako. The next question is how fast they move on the stablecoin and tokenized asset ambitions that were…
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