Crypto investor and trader Xaif Crypto has highlighted a significant development involving SBI Holdings and its expansion plans in Asia.
In a recent post, he stated that SBI Holdings is acquiring a majority stake in Singapore-based cryptocurrency platform Coinhako. He described the move as “big news for #XRP holders,” emphasizing the potential implications for the broader XRP ecosystem.
According to the information shared, SBI is pursuing control of Coinhako, a regulated digital asset platform operating in Singapore.
The attached announcement from SBI Holdings confirms that the company has declared its intention to enter into a memorandum of understanding to acquire Coinhako through capital injection and the acquisition of shares from existing shareholders. The transaction, if completed, would result in SBI obtaining a majority stake and making Coinhako a consolidated subsidiary.
🚨SBI Holdings acquiring majority stake in Coinhako 🇸🇬Big news for #XRP holders!
SBI, Ripple's biggest partner with $10B in XRP holdings, is expanding across Asia by acquiring Singapore's regulated crypto platform Coinhako.
This isn't just M&A – it's strategic expansion of the… pic.twitter.com/f4Mz2Obzaf
— Xaif Crypto🇮🇳|🇺🇸 (@Xaif_Crypto) February 14, 2026
Connection to XRP and Ripple Partnership
Xaif Crypto highlighted SBI’s established relationship with Ripple, identifying SBI as Ripple’s largest partner and noting that it holds approximately $10 billion in XRP. He presented the proposed acquisition as more than a standard corporate transaction, characterizing it as a strategic expansion of the XRP ecosystem across Asia.
The framing of the announcement focused on the potential network effects of integrating a regulated Singaporean exchange into SBI’s broader digital asset strategy. By strengthening its presence in Southeast Asia, SBI could further align its regional operations with its ongoing blockchain and digital asset initiatives, which have long included active engagement with XRP-related infrastructure and services.
The tweet emphasized that the development extends beyond a conventional merger and acquisition. Instead, it was described as a calculated move to reinforce XRP’s institutional footprint in one of Asia’s key financial hubs.
Deal Structure and Regulatory Conditions
However, the transaction is not yet finalized. A comment under the post clarified that the arrangement is currently an “intention to acquire” structured through a letter of intent. This language, as noted in the comment, is standard in corporate announcements of this nature and does not represent a completed acquisition.
The comment further explained that while the deal would give SBI a majority stake and consolidate Coinhako as a subsidiary, it remains subject to regulatory approvals and final transaction structuring.
The official announcement similarly states that specific details regarding the capital injection and share acquisition are still under discussion and that execution of the transaction depends on approval from relevant authorities.
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This distinction is critical in understanding the current stage of the process. While the strategic direction appears clear, the transaction must progress through formal regulatory and corporate procedures before it can be considered complete.
Strategic Implications for the Asian Market
Xaif Crypto’s central argument is that this development represents deliberate regional expansion. By targeting a licensed Singapore platform, SBI positions itself within a tightly regulated and strategically important jurisdiction. Singapore’s status as a financial center and its structured approach to digital asset regulation provide an established environment for institutional growth.
If finalized, the acquisition would deepen SBI’s presence in Southeast Asia while reinforcing its broader digital asset strategy. For XRP community members, the proposed deal is being viewed as part of a larger institutional alignment that could strengthen adoption pathways in the region.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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