SBI Holdings Takes 20% Stake in Ajaib With $270M Indonesia Investment
SBI Holdings has invested $270 million in Ajaib Group, a company based in Indonesia, which accounts for approximately 20% of the group. The agreement reinforces SBI’s presence in the fast-growing digital asset space in Asia. It also gives Ajaib greater financial backing as it broadens access to investments and digital assets.
Expanding Digital Asset Reach
Ajaib now joins SBI’s growing network across Asia’s financial technology sector. The Indonesian platform offers stocks, bonds, funds, ETFs, commodities, foreign exchange, and crypto assets.
Additionally, Ajaib provides stablecoins and OTC settlement services for companies and institutional investors. Consequently, the partnership could connect more Indonesian investors with SBI’s broader digital asset ecosystem.
The investment also ranks among Indonesia’s largest technology funding rounds since 2022. Moreove…
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