Japanese financial group SBI Holdings has invested $270 million in Indonesian investment platform Ajaib Group, acquiring an approximately 20% stake as it expands its digital asset footprint across Asia.
The deal represents Indonesia’s largest technology funding round since 2022 and brings Ajaib’s total capital raised since 2019 to more than $500 million.
Ajaib offers a broad range of products, including stocks, bonds, ETFs, crypto assets, stablecoins, commodities and foreign exchange. It also provides OTC stablecoin settlement and liquidity services for corporate and institutional clients in Indonesia.
Following the transaction, Ajaib will become an equity-method affiliate of SBI Holdings.
SBI already operates several crypto businesses globally, including SBI VC Trade in Japan, Coinhako in Singapore and market maker B2C2 in the UK. The group is also developing the JPYSC yen stablecoin and Strium, a Layer 1 blockchain focused on financial applications.
The deal represents Indonesia’s largest technology funding round since 2022 and brings Ajaib’s total capital raised since 2019 to more than $500 million.
Ajaib offers a broad range of products, including stocks, bonds, ETFs, crypto assets, stablecoins, commodities and foreign exchange. It also provides OTC stablecoin settlement and liquidity services for corporate and institutional clients in Indonesia.
Following the transaction, Ajaib will become an equity-method affiliate of SBI Holdings.
SBI already operates several crypto businesses globally, including SBI VC Trade in Japan, Coinhako in Singapore and market maker B2C2 in the UK. The group is also developing the JPYSC yen stablecoin and Strium, a Layer 1 blockchain focused on financial applications.