SBI Holdings, a major Japanese financial institution, now holds a significant Shiba Inu position after acquiring Singapore‑based crypto exchange Coinhako.
The deal was executed via SBI’s subsidiary SBI Ventures Asset and received final clearance from Singapore’s Monetary Authority (MAS), enabling the transaction to close. Consequently, Coinhako has been integrated as a consolidated subsidiary of SBI Holdings.
The acquisition grants SBI immediate access to Coinhako’s regulated cryptocurrency infrastructure, broadening its digital‑asset ecosystem beyond Japan and deepening its regional presence.
SBI Plans Broader Digital Asset Expansion
SBI intends to leverage Coinhako as a gateway to expand its blockchain‑based financial services across Southeast Asia. The integration will allow SBI to connect Coinhako’s user base with products such as its yen‑backed stablecoin JPYSC and tokenized real‑world asset (RWA) offerings.
The acquisition also strengthens SBI’s regulatory position in the region by providing access to Coinhako’s Singapore‑based operations and a Major Payment Institution (MPI) license from the Monetary Authority of Singapore, establishing a compliant foundation for expanding digital‑asset services without building new infrastructure.
SBI Chairman Yoshitaka Kitao said the move aligns with the company’s goal of creating global digital asset corridors that connect Japan and Southeast Asia through faster blockchain‑powered payments and cross‑border financial services.
SBI Inherits More Than 1 Trillion SHIB Tokens
In addition to its strategic expansion, the acquisition gives SBI control over Coinhako’s sizable cryptocurrency treasury. Arkham data indicates that Coinhako currently holds digital assets valued at $160.87 million across various cryptocurrencies.
The holdings include 1.11 trillion Shiba Inu tokens, currently worth $4.62 million. Although SHIB accounts for only part of Coinhako’s portfolio, it remains one of the exchange’s largest crypto positions.
According to Arkham, Shiba Inu ranks as Coinhako’s sixth‑largest cryptocurrency by dollar value, behind Ethereum, Binance Coin, Chainlink, Tether, and Pepe.
Now that Coinhako operates as an SBI subsidiary, its treasury assets—including the 1.11 trillion SHIB tokens—are effectively incorporated into the broader SBI corporate ecosystem, though they remain held by the exchange rather than being direct SBI investments.
Implications for Shiba Inu
The acquisition does not imply that SBI has bought Shiba Inu as an investment; rather, it assumes ownership of an exchange that already holds substantial amounts of SHIB and many other digital assets.
Nevertheless, this transaction puts more than 1 trillion SHIB tokens under the umbrella of one of Japan’s largest financial groups. Notably, SBI’s crypto exchange arm, SBI VC Trade, already supports Shiba Inu trading and has introduced user campaigns such as staking programs and token airdrops.
