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SBI to buy 20% of Indonesia's Ajaib for $270M in crypto push

What's the deal? Japan's SBI Holdings will pay $270 million for a 20% stake in Ajaib Group, a major Indonesian online brokerage, as early as this month. The deal makes Ajaib an equity-method affiliate of the Japanese financial group.

Dealroom

Publisher

Aug 27, 2026 at 7:23 PM UTC · 1 분 소요

SBI to buy 20% of Indonesia's Ajaib for $270M in crypto push
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번역 중…

What's the deal? Japan's SBI Holdings will pay $270 million for a 20% stake in Ajaib Group, a major Indonesian online brokerage, as early as this month. The deal makes Ajaib an equity-method affiliate of the Japanese financial group.

What's the endgame? The investment is part of SBI's push into cryptocurrency. Ajaib gives it a foothold in Indonesia's fast-growing digital brokerage market.

The signal: SBI's move underscores how Japanese financial firms are chasing growth in Southeast Asia's retail investing and crypto markets, betting on younger, digital-first customers beyond their home turf.

Image credit: Ya, saya inBaliTimur

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Originally reported by Dealroom

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