SBI to Buy 20% of Indonesia’s Ajaib for $270 Million

Japanese financial group SBI is acquiring a 20% stake in Indonesian online brokerage Ajaib for $270 million, according to CoinDesk. The investment is intended to support SBI’s expansion of a yen-denominated stablecoin in Southeast Asia. The companies also plan to develop a cross-border settlement network based on blockchain technology. The transaction would give SBI a significant holding in Ajaib as it seeks to extend its digital-asset and financial infrastructure across the region. The announcement links the investment to settlement services that could connect markets across national borders using blockchain-based systems. CoinDesk reported the deal on August 28, 2026. No additional transaction terms were provided in the source material.