Summary
- Japan’s SBI Group acquired a majority stake in Singapore-based crypto platform Coinhako as part of a broader push to build a global digital asset corridor across Asia.
- The company is expanding its digital asset footprint through partnerships with Ondo Finance and the Solana Foundation to tokenize real-world assets and develop yen-based on-chain settlement using its JPYSC stablecoin, though JPYSC cannot yet be moved to external wallets.
- Recent deals, including the planned purchase of Tokyo exchange Bitbank and investments in EDX Markets and Gauntlet, reflect SBI’s long-term strategy to control the full digital asset value chain rather than chase short-term crypto market cycles.
Building a Digital Asset Empire in Asia
The SBI Group, a Japanese financial services conglomerate, has acquired a majority stake in Coinhako, a Singapore-based crypto platform. This move is part of SBI’s strategy to establish a global corridor for digital assets by connecting exchanges worldwide. With over 14 million users and $308 billion in assets under custody, SBI is poised to make a significant impact in the digital asset space.
The acquisition of Coinhako, which holds a Major Payment Institution license from the Monetary Authority of Singapore, will enable SBI to expand its reach in Asia. SBI’s CEO, Yoshitaka Kitao, emphasizes the company’s goal of creating a global corridor for digital assets, which will connect traditional financial markets with blockchain-based infrastructure. This move is expected to benefit individuals looking to earn passive income through digital assets, including those interested in #PassiveIncome and #GreenCrypto.
Partnerships and Expansion
SBI has also partnered with Ondo Finance to tokenize Japanese equities and other assets using its JPYSC stablecoin for settlement. Additionally, the company has teamed up with the Solana Foundation, which will take an equity stake in SBI R3 Japan, now renamed SBI Solana Global. This new entity will focus on issuing stablecoins and tokenizing real-world assets, such as corporate bonds and real estate, potentially generating new opportunities for earning with EcoPool ($ECP) and cloud rewards.
These partnerships and expansions demonstrate SBI’s commitment to building a comprehensive digital asset ecosystem in Asia. As the first financial group in Asia to pursue the entire digital asset value chain, SBI is well-positioned to capitalize on the growing demand for digital assets, including #Bitcoin and other cryptocurrencies. With EcoPool (ECP) offering a platform for earning and passive income, individuals can benefit from the growing digital asset market.
Join the Digital Asset Revolution
To start earning with digital assets, including $ECP, and to learn more about the EcoPool platform, download the EcoPool app today. By joining the EcoPool network, you can take advantage of cloud rewards and start building your passive income stream with EcoPool (ECP).
First in Asia
“SBI is the first financial group in Asia to go after the entire digital asset value chain at once, from issuance and settlement through trading infrastructure, asset management and retail distribution, and to do it across the region rather than only at home,” Joseph Goh, director and head of Asia Pacific at crypto investment banking and advisory firm Areta, told CoinDesk.
