SBI Holdings 20% Ajaib Stake $270 Million Southeast Asia Digital Assets
SBI Holdings acquires approximate 20% stake in Ajaib Group for $270 million, creating equity-method affiliate for Southeast Asia digital-asset infrastructure.
SBI Holdings announced that a subsidiary acquired an approximate 20% stake in Indonesia-based Ajaib Group, making the company an equity-method affiliate.
Ajaib valued the transaction at $270 million, bringing its total funding since 2019 above $500 million.
Ajaib operates a multi-asset platform that offers stocks, bonds, funds, crypto assets, stablecoins, commodities, and foreign exchange.
Strategic framing
SBI described the investment as support for developing digital-asset infrastructure and an exchange network centered on Southeast Asia.
Remaining unknowns
SBI's announcement did not disclose the investment amount or integration plans.
No timetable or target markets for Ajaib's Southeast Asia expansion were provided in the disclosures.