SBI Group Builds Asia’s First $250B Digital Asset Empire

SBI Acquires Coinhako to Expand Cross-Border Digital Assets

Japan's SBI Group, a financial conglomerate managing more than $250 billion in assets, announced on July 17, 2026, the consolidation of Singapore-based crypto platform Coinhako as part of a rapid regional expansion strategy. The deal, struck in Singapore, extends SBI's push to build a cross-border digital asset corridor across Asia, following the group's planned acquisition of Tokyo exchange bitbank and investments in EDX Markets and Gauntlet. Coinhako co-founder and CEO Yusho Liu called the move a natural next step for the platform's growth.

Ondo Finance Partnership Strengthens SBI's Tokenization Empire

The consolidation coincides with a strategic partnership announced this week between the group and Ondo Finance to tokenize Japanese equities, with settlement handled through SBI's yen-denominated JPYSC stablecoin. Ondo, the world's largest tokenizer of stocks, will distribute tokenized products through SBI's extensive financial network, while the group gains access to Ondo's infrastructure for bringing traditional assets onchain. Together with the bitbank and Coinhako deals, the moves give the conglomerate a regulated trading infrastructure spanning Japan, the United States, and Southeast Asia.

The group's multi-front consolidation signals accelerating institutional appetite for regulated digital asset infrastructure, potentially pressuring regional competitors to pursue similar cross-border strategies.

As tokenization of real-world assets gains momentum globally, the group's integrated exchange-and-settlement model could position it as a dominant gateway connecting Asian and Western capital markets.

Chairman Yoshitaka Kitao described Ondo as a key strategic partner, while industry observers note the group's approach reflects a long-term strategy to control the full digital asset value chain rather than chase short-term market cycles.