According to Wu Blockchain, Japan's financial group SBI Holdings has announced that it received approval from the Monetary Authority of Singapore (MAS) and, on July 16, acquired a majority stake in Holdbuild, the parent company of Singapore's crypto asset platform Coinhako, through capital injection and purchasing shares from existing shareholders. This brings Holdbuild under its consolidated financial statements. The transaction amount has not been disclosed. Coinhako's subsidiary, Hako Technology, holds a Major Payment Institution license from MAS. SBI plans to further integrate Coinhako's customer base and regional network while exploring synergies in areas like the Japanese yen stablecoin JPYSC, tokenization, on-chain finance, and cross-border transactions. https://(wublock123.com)/news/sbi-holdings-approved-to-acquire-coinhako-64818