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Crypto

SBI targets Southeast Asia with Coinhako acquisition, brings 1.11 trillion Shiba Inu tokens into group

SBI Holdings has made Singapore crypto exchange Coinhako a subsidiary, bringing its digital asset holdings into the group ecosystem, including 1.11 trillion Shiba Inu tokens. The acquisition was carried out through SBI Ventures Asset and completed after final approval from the Monetary Authority of Singapore. SBI plans to use Coinhako as a base to expand blockchain-based financial services in Southeast Asia and link users to the yen-pegged stablecoin JPYSC and tokenised real-world asset products.

Crypto

Hanwha Investment & Securities invests 30 billion won in U.S. blockchain firm Digital Asset

Hanwha Investment & Securities has invested about 30 billion won in Digital Asset, a blockchain infrastructure company focused on global finance. The company said on July 16 it completed a strategic investment of about 30 billion won in Digital Asset Holdings. New York-based Digital Asset operates the Canton Network, an open blockchain for financial services adopted by major institutions including Goldman Sachs and the Depository Trust & Clearing Corporation.

Crypto

Evernorth CEO says South Korea is a promising market, bets on XRPL DeFi

Ashish Birla (아시시 벌라), chief executive of crypto treasury firm Evernorth, said the sector can no longer grow by simply stockpiling coins and needs a structure that generates recurring income from held assets. He said Evernorth plans to make tokenised real-world assets and DeFi on the XRP Ledger central to its business. Birla cited growing tokenised assets and institutional participation, and called South Korea a promising market.