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Crypto

Coinbase plans 25 percent staff increase at Singapore office

Coinbase plans to increase staff at its Singapore office to about 200 from 150 by the end of 2026, Cointelegraph reported. The company is stepping up local hiring as it expands its business in Singapore, focusing on engineers, customer service, relationship management and institutional sales. Coinbase obtained a major payment institution licence from the Monetary Authority of Singapore in October 2023, enabling it to expand services for individuals and institutions.

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

SBI buys controlling stake in Singapore crypto platform Coinhako with MAS approval

SBI Holdings has acquired a controlling stake in Holdbuild, the parent of Singapore cryptocurrency platform Coinhako, after receiving approval from the Monetary Authority of Singapore (MAS). Cointelegraph reported SBI bought shares from existing shareholders through a capital injection, bringing Coinhako into its group as a consolidated subsidiary. Coinhako holds an MAS major payment institution licence through its unit Hakko Technology Pte. Ltd. The deal value was not disclosed.