Japanese financial services group SBI Holdings has agreed to invest $270 million in Indonesian multi-asset investment platform Ajaib Group, acquiring an approximately 20% stake. The deal is expected to close before the end of August 2026. SBI did not disclose the investment amount in its own announcement but confirmed the minority stake; Ajaib confirmed the $270 million figure in a LinkedIn post, calling it Indonesia’s largest technology funding round since 2022 and bringing total funding raised since 2019 to more than $500 million.
Jakarta-based Ajaib provides access to domestic and international equities, bonds, mutual funds, exchange-traded funds, crypto assets, stablecoins, commodities, and foreign exchange, alongside payments and savings products. The platform also offers over-the-counter stablecoin settlement and liquidity services for companies and institutional investors in Indonesia.
The partnership is central to SBI’s push to expand digital asset adoption and cross-border settlement blockchain infrastructure across Southeast Asia. It is directly linked to the rollout of JPYSC, SBI’s yen-pegged stablecoin, in markets such as Indonesia, where the retail investment sector exceeds 20 million active users and the retail consumer market is estimated at about $375 billion, according to IMARC Group data.
SBI operates the SBI VC Trade crypto exchange in Japan and Coinhako in Singapore, along with crypto market maker B2C2 in the UK. Its digital asset portfolio also includes the Strium Layer 1 blockchain being developed for financial applications. SBI Holdings Chairman and President Yoshitaka Kitao said: “In this era of tokenization, the importance of global infrastructure for digital assets is greater than ever.” The company is positioning Ajaib as part of its “SBI APAC Digital Economic Zone” initiative.
SBI completed the acquisition of Singapore-based Coinhako Group for approximately $100 million in July and has also invested in digital securities platform DigiFT. The regional expansion follows Japanese government plans to develop blockchain infrastructure for equities and government bonds with 24-hour on-chain settlement, with operations potentially beginning in the early 2030s.
