SBI Holdings will acquire a controlling stake in Singapore-based crypto exchange Coinhako through its subsidiary SBI Ventures Asset Pte. Ltd., strengthening the Japanese group's footprint in Asia's regulated digital-asset markets. The move signals a push to build a regional hub for compliant crypto services.
SBI Holdings has announced plans to acquire Singapore-based crypto platform Coinhako as part of a wider push to grow its digital footprint across Asia. The deal signals SBI’s intent to strengthen retail and institutional offerings in Southeast Asian markets.
Gemini will cut up to 200 jobs and withdraw from Europe and Australia, concentrating operations in the U.S. and Singapore as part of a cost-cutting plan.
eToro will add Singapore Exchange (SGX) stocks to its trading platform this year, giving global users direct access to Singapore‑listed companies and extending its market coverage in Asia.
Crypto.com has teamed up with DBS Bank to enable direct SGD and USD deposits and withdrawals for Singapore users, improving fiat on‑ and off‑ramps. The move leverages DBS’s local payment rails to streamline transfers.
SBI Digital Markets, regulated by the Monetary Authority of Singapore, will act as institutional custodian and provide segregated custody for XRP client assets. The move is part of Ripple’s broader effort to build yield-bearing institutional products for Asian markets.
On Dec 1, 2025 Ripple said Singapore’s MAS upgraded its license, allowing broader regulated crypto payment services across the Asia-Pacific. The approval aims to accelerate integration of digital tokens into global payment rails.
Ripple has obtained licenses allowing Singapore businesses to use XRP and RLUSD as approved settlement options, marking a regulatory milestone. The move could broaden on-ramps and corporate use of digital assets for payments and treasury functions.
Ripple said it has received approval from the Monetary Authority of Singapore to upgrade its payment license, enabling wider use of RLUSD and XRP across Singapore and the region.
UBS and Ant International will pilot tokenized bank deposits in Singapore to enable instant cross-border payments and sharper liquidity management as part of one of the city‑state’s largest blockchain projects. The trial targets longstanding treasury bottlenecks by testing tokenized cash for corporate and institutional use.