Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Japanese financial conglomerate SBI Holdings has officially completed the acquisition of a controlling stake in Singapore-based crypto exchange Coinhako through its subsidiary SBI Ventures Asset. The transaction received full approval from the Monetary Authority of Singapore (MAS) and has now been formally closed.
In their official statements, the management teams of both companies emphasize institutional infrastructure, including the creation of cross-border B2B corridors between Japan and Singapore, the tokenization of real-world assets (RWA), and the launch of the regulated yen-denominated stablecoin JPYSC.
However, on-chain data from the Arkham platform reveals an important structural detail of the acquisition. Along with the licensed platform, the Japanese banking group is gaining control over a significant pool of retail liquidity in Southeast Asia, including more than 1.11 trillion Shiba Inu (SHIB) tokens.
Inside Coinhako's wallet: Breaking down SBI's new 1.11 trillion SHIB position
This detail is notable against the broader development trend among major fintech platforms in the Asian market, where SBI will now further strengthen its position. Japan's domestic market has recently demonstrated the systematic integration of meme tokens into traditional commercial services.
In particular, Rakuten Wallet added direct support for SHIB trading pairs against the yen for its multimillion-user customer base and even released a unique physical meme token, while marketplace operator Mercari, through its Mercoin subsidiary, allowed customers to convert account balances and rewards into SHIB and DOGE.
According to Coinhako's publicly identified on-chain addresses on Arkham, the total value of net assets held by the exchange exceeds $164.96 million. Its Shiba Inu position, which SBI will now inherit, ranks sixth in the platform's overall portfolio and consists of exactly 1.111 trillion tokens, worth approximately $4.52 million.
The key value of these reserves for the new parent structure is that Coinhako operates as an officially regulated fiat gateway, providing direct SHIB trading against the Singapore dollar (SGD) and the US dollar (USD). For SBI Holdings, which is developing its own retail platform, SBI VC Trade, this represents a ready-made instrument for serving the mass market across the Asia-Pacific region.
For Coinhako, as CEO Yusho Liu stresses, joining SBI Holdings provides access to international banking infrastructure and the resources required to scale its products.
The transaction clearly demonstrates how institutional capital, when acquiring crypto infrastructure companies, inevitably integrates their retail component as well. Alongside major projects involving the launch of stablecoins, SBI is gaining control of a diversified portfolio in which popular retail assets such as SHIB and PEPE hold a significant share.
Dan Burgin
U.Today Editorial Team
