According to Cointelelegrap, Japanese financial group SBI Holdings plans to acquire a majority stake in Singapore-based cryptocurrency CEX Coinhako to further deepen its presence in the cryptocurrency sector. The announcement stated that SBI Ventures Asset, a wholly-owned subsidiary of SBI Holdings, has signed a letter of intent with Coinhako's parent company, Holdbuild, to invest in Coinhako and acquire shares from existing investors. If the transaction is completed, SBI Holdings will acquire a majority stake in Coinhako, making it a consolidated subsidiary, but the deal is subject to regulatory approval. Financial terms and ownership details of the acquisition have not been disclosed, and the investment structure and share purchase plan are still under discussion. This non-binding transaction will allow SBI to obtain a legal license in Singapore, one of Asia's leading regulated cryptocurrency hubs.