SBI Holdings Takes 20% Ajaib Stake for APAC Digital Asset Reach
SBI Holdings acquires 20% equity-method stake in Ajaib Group, gaining exposure to Indonesia's multi-asset platform that includes crypto and stablecoin services.
SBI Holdings acquired an approximately 20% minority stake in Ajaib Group, turning the Jakarta-based platform into an equity-method affiliate.
Ajaib announced a $270 million investment for the stake. SBI confirmed the ownership percentage in its statement but did not disclose the amount.
Platform services and funding scale
Ajaib provides equities, bonds, mutual funds, ETFs, commodities, FX, crypto assets, stablecoins, payments, savings products and OTC stablecoin settlement.
The round is described as Indonesia's largest technology funding since 2022 and brings Ajaib's total funding since 2019 above $500 million.
Open items
No timeline for integration or specific product rollout has been disclosed. The exact investment figure rests solely on Ajaib's announcement.