Wu learned that Japanese financial group SBI Holdings announced that it has received approval from the Monetary Authority of Singapore (MAS) and, on July 16, obtained a majority stake in Coinhako’s parent company, Holdbuild, through a capital injection and the acquisition of existing shareholders’ shares, bringing it into the scope of consolidated financial statements. The transaction amount has not been disclosed yet. Hako Technology under Coinhako holds MAS’s major payment institution license. SBI plans to further integrate Coinhako’s customers and regional network, and explore business synergies with areas such as the Japanese yen stablecoin JPYSC, tokenization, on-chain finance, and cross-border transactions.