SBI Holdings said it has made a strategic investment in Indonesian online multi-asset investment platform Ajaib Group through a subsidiary, acquiring about a 20% stake. According to Foresight News, Ajaib Group will become an equity-method affiliate of SBI Holdings.
Ajaib Group is headquartered in Jakarta and provides online investment and fund management services covering stocks, crypto assets, payments and foreign exchange. It also offers over-the-counter stablecoin settlement services for corporate clients.