SBI Group Expands Digital Asset Footprint Across Asia with Coinhako Consolidation and Ondo Finance Partnership
Japan's SBI Group is consolidating Singapore-based crypto exchange Coinhako and forming a tokenization partnership with Ondo Finance as part of a broad regional digital asset expansion. SBI is positioning itself as Asia's leading cross-border digital asset operator. SBI has longstanding ties to Ripple and XRP infrastructure, making this regional build-out relevant to the XRP ecosystem.
Japan's SBI Group has announced the consolidation of Coinhako, a Singapore-based cryptocurrency exchange, as part of an accelerating regional expansion strategy across Asia. The move signals SBI's intent to build an integrated cross-border digital asset operation spanning multiple Asian markets.
Alongside the Coinhako consolidation, SBI disclosed a tokenization partnership with Ondo Finance, a firm focused on bringing real-world assets onto blockchain rails. The combination of exchange infrastructure and tokenization capability suggests SBI is assembling a vertically integrated digital asset stack in the region.
SBI Group is one of Ripple's most significant and longest-standing strategic partners, holding a substantial stake in Ripple and co-operating SBI Ripple Asia, which has historically promoted XRP-based payment corridors across the Asia-Pacific region. Any material expansion of SBI's digital asset infrastructure in Asia carries potential implications for XRP liquidity and adoption in those corridors.
The scope of this expansion, covering exchange operations, tokenization, and cross-border payments infrastructure, positions SBI as a central node in Asian digital finance. How directly XRP and XRPL tooling will feature in the new partnerships remains to be confirmed.
Key facts
- •SBI Group is consolidating Singapore-based Coinhako as part of a regional expansion
- •SBI has announced a tokenization partnership with Ondo Finance
- •SBI is described as building Asia's first cross-border digital asset empire
- •SBI Group is a long-standing strategic partner and investor in Ripple
- •SBI co-operates SBI Ripple Asia to promote XRP payment corridors in the Asia-Pacific region