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Crypto Regulation RWA

SBI Buys 20% Stake in Indonesian Broker Ajaib for $270M, Expands Yen Stablecoin

Japanese financial giant SBI Holdings acquired a 20% stake in Indonesian broker Ajaib for $270 million, aiming to expand its yen-pegged stablecoin in Southeast Asia. The investment supports SBI’s strategy to integrate digital assets into traditional finance and tap Indonesia’s growing retail investor base.

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