SBI Holdings Secures 20% Stake in Indonesia's Ajaib Group to Expand Digital Asset Footprint Across Asia
SBI Holdings has executed a strategic investment in Ajaib Group, operator of one of Indonesia's largest online investment platforms. Through a subsidiary, SBI acquired a 20% stake in Ajaib, converting the Jakarta-based fintech firm into an equity-method affiliate.
Ajaib Group began as an online brokerage and has since expanded into a comprehensive wealth management platform serving millions of retail investors. Its offerings cover equities, bonds, mutual funds, ETFs, foreign exchange, and digital assets—including cryptocurrencies, stablecoins, and commodities—alongside banking and payment services. The firm also provides customized liquidity and over-the-counter (OTC) stablecoin settlement services to corporate and institutional clients in Indonesia.
The alliance aims to leverage SBI’s digital asset infrastructure—which includes crypto exchanges such as SBI VC Trade in Japan and Coinhako in Singapore, as well as liquidity provider B2C2—alongside Ajaib’s domestic market presence. SBI's ongoing digital asset initiatives include issuing the trust-type stablecoin JPYSC, launching an on-chain Japanese equity fund via DigiFT, and developing the financial Layer-1 blockchain Strium.
According to Yoshitaka Kitao, Representative Director, Chairman, and President of SBI Holdings, the acquisition aligns with the firm's "SBI APAC Digital Economy Vision" to build a cross-border exchange network and next-generation financial infrastructure across Southeast Asia. Anderson Sumarli, co-founder and CEO of Ajaib Group, highlighted that the partnership will focus on expanding access to digital assets, tokenized real-world assets (RWAs), and AI-driven financial services for emerging investors across the region.
Norbert Gehrke
