Hana Financial Invests 1 Trillion Won in Upbit Operator Dunamu, Becomes Fourth-Largest Shareholder
Hana Financial Group Acquires 6.55% Stake in Dunamu
Building Digital Finance Infrastructure and Collaborating on Korean Won Stablecoin
Integration of Upbit and Hana Financial Group Platforms
Hana Financial Group has become the fourth-largest shareholder of Dunamu, the nation’s largest virtual asset platform, by acquiring a 6.55% stake for approximately 1.0033 trillion won through Hana Bank.
On May 15, the board of directors of Hana Bank announced its decision to acquire 2,284,000 shares of Dunamu, held by Kakao Investment, for about 1.0033 trillion won. Dunamu is a comprehensive digital asset platform company that operates Upbit, which holds the top market share among digital asset exchanges in Korea.
Through this strategic investment, Hana Financial Group plans to proactively respond to changes in finance based on digital assets and secure future growth drivers. Chairman Ham Youngjoo stated, "This equity investment is a strategic decision to accelerate financial innovation based on digital assets," adding, "Together with Dunamu, we will take the lead in building the K-Blockchain ecosystem and focus all our group’s capabilities to help the domestic digital asset industry advance to a globally leading level."
On the same day, the two companies also signed a strategic memorandum of understanding (MOU) to build an innovative model linking finance and digital assets. The plan includes nurturing Dunamu's blockchain platform, 'Kiwachain,' as a core digital finance infrastructure, advancing blockchain-based foreign currency remittance services, and establishing a Korean won stablecoin ecosystem.
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In addition, by combining Hana Financial Group's global network with Dunamu's blockchain technology, the two companies will pursue entry into overseas digital asset markets. Hana Financial Group also intends to develop a new comprehensive asset management service that integrates digital assets and finance, leveraging collaboration between Upbit, Korea’s No. 1 digital asset exchange operated by Dunamu, and the group’s differentiated digital platform.
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