The Coinhako deal
Coinhako is a licensed crypto exchange in Singapore, one of the few in the city-state with a full regulatory license from the Monetary Authority of Singapore. SBI did not disclose the financial terms of the acquisition. The deal gives SBI a direct foothold in Southeast Asia's crypto market, where retail and institutional demand has been growing steadily.
Coinhako will continue to operate under its own brand, according to the announcement. SBI plans to integrate its own services, including custody and tokenization, into the exchange over time.
" Translation: "Perjanjian Coinhako
Coinhako adalah pertukaran kripto berlesen di Singapura, salah satu daripada segelintir di negara kota itu yang mempunyai lesen pengawalseliaan penuh daripada Monetary Authority of Singapore. SBI tidak mendedahkan terma kewangan pengambilalihan tersebut. Perjanjian ini memberi SBI pijakan langsung dalam pasaran kripto Asia Tenggara, di mana permintaan runcit dan institusi telah berkembang dengan stabil.
Menurut pengumuman, Coinhako akan terus beroperasi di bawah jenamanya sendiri. SBI merancang untuk mengintegrasikan perkhidmatannya sendiri, termasuk kustodian dan tokenisasi, ke dalam pertukaran tersebut dari semasa ke semasa.
" Note: "licensed crypto exchange" -> "pertukaran kripto berlesen". "full regulatory license" -> "lesen pengawalseliaan penuh". "Monetary Authority of Singapore" keep as is. "financial terms" -> "terma kewangan". "foothold" -> "pijakan". "crypto market" -> "pasaran kripto". "retail and institutional demand" -> "permintaan runcit dan institusi". "custody" -> "kustodian" (common in Malay finance). "tokenization" -> "tokenisasi". Third paragraph: "Solana partnership
Alongside the acquisition, SBI said it has partnered with the Solana Foundation. The partnership is aimed at building blockchain-based financial products and exploring use cases for Solana's high-throughput network. SBI already runs a validator on the Solana network and has been involved in the ecosystem through its investment arm.
The collaboration could lead to tokenized securities or stablecoins issued on Solana, though no specific products were named. SBI has a history of working with public blockchains — it previously partnered with Ripple and has invested in several layer-1 projects.
" Translation: "Perkongsian Solana
Bersama-sama dengan pengambilalihan, SBI menyatakan bahawa ia telah bekerjasama dengan Solana Foundation. Perkongsian ini bertujuan untuk membina produk kewangan berasaskan blockchain dan meneroka kes penggunaan untuk rangkaian pemprosesan tinggi Solana. SBI sudah menjalankan validator pada rangkaian Solana dan telah terlibat dalam ekosistem melalui cabang pelaburannya.
Kerjasama ini boleh membawa kepada sekuriti tokenisasi atau stablecoin yang diterbitkan di Solana, walaupun tiada produk khusus yang dinamakan. SBI mempunyai sejarah bekerja dengan blockchain awam — sebelum ini ia bekerjasama dengan Ripple dan telah melabur dalam beberapa projek lapisan-1.
" Note: "Solana Foundation" keep as is. "blockchain-based financial products" -> "produk kewangan berasaskan blockchain". "high-throughput network" -> "rangkaian pemprosesan tinggi". "validator" keep as is. "investment arm" -> "cabang pelaburan". "tokenized securities" -> "sekuriti tokenisasi". "layer-1 projects" -> "projek lapisan-1". Fourth paragraph: "Yen-backed stablecoin plans
SBI also revealed plans to launch a yen-backed stablecoin. The stablecoin would be fully reserved and regulated, likely under Japanese or Singaporean oversight. SBI did not specify which blockchain the stablecoin would run on, but the Solana partnership makes that network a strong candidate.
Japan has been cautious on stablecoins, but the country passed a law in 2023 that allows licensed trust banks to issue them. SBI, which operates a trust bank, is well positioned to comply. The stablecoin would compete with existing yen-pegged tokens like GMO's GYEN and others.
SBI has not announced a timeline for the stablecoin launch. The company said it will provide more details after regulatory consultations.
" Translation: "Rancangan stablecoin disokong yen
SBI juga mendedahkan rancangan untuk melancarkan stablecoin yang disokong yen. Stablecoin tersebut akan mempunyai rizab penuh dan dikawal selia, kemungkinan di bawah pengawasan Jepun atau Singapura. SBI tidak menyatakan blockchain mana yang akan digunakan oleh stablecoin itu, tetapi perkongsian Solana menjadikan rangkaian tersebut sebagai calon yang kukuh.
Jepun telah berhati-hati mengenai stablecoin, tetapi negara itu meluluskan undang-undang pada tahun 2023 yang membenarkan bank amanah berlesen untuk menerbitkannya. SBI, yang mengendalikan bank amanah, berada dalam kedudukan yang baik untuk mematuhi peraturan. Stablecoin tersebut akan bersaing dengan token terikat yen sedia ada seperti GYEN milik GMO dan lain-lain.
SBI belum mengumumkan garis masa untuk pelancaran stablecoin. Syarikat itu menyatakan akan memberikan butiran lanjut selepas perundingan kawal selia.
" Note: "fully reserved" -> "rizab penuh". "regulated" -> "dikawal selia". "oversight" -> "pengawasan". "trust bank" -> "bank amanah". "yen-pegged tokens" -> "token terikat yen". "GMO's GYEN" keep as is. "regulatory consultations" -> "perundingan kawal selia". Meta description: "SBI Holdings acquires Singapore exchange Coinhako, partners with Solana, and plans a yen-backed stablecoin. The Japanese giant expands its crypto footprint in Asia." Translation: "SBI Holdings memperoleh pertukaran Coinhako di Singapura, bekerjasama dengan Solana, dan merancang stablecoin disokong yen. Gergasi Jepun itu memperluas jejak kriptonya di Asia." Now assemble JSON. Ensure proper escaping for quotes in JSON. Use double quotes. The content is HTML, so we need to include it as a string. Since the
