Hana Bank, part of South Korea’s Hana Financial Group, announces plans to acquire about 2.28 million shares in Dunamu, the operator of the Upbit cryptocurrency exchange. Multiple outlets report the deal is valued at roughly $668 million to $672.5 million and would give Hana Bank a 6.55% stake in Dunamu. The acquisition is described as making Hana Bank the company’s fourth-largest shareholder, following other recent crypto-related investments by financial and market participants.
CoinDesk also reports that alongside the stake purchase, Hana Bank outlines additional plans involving digital-asset activities. These include the development of a won-pegged stablecoin, blockchain-based remittances, and tokenized securities. PYMNTS adds that the purchase timing is expected to occur on June 15, citing reporting from The Wall Street Journal.
Across the sources, the core points are the size of the planned investment, the resulting ownership percentage, and Hana Bank’s stated interest in expanding into regulated or blockchain-linked financial services tied to the broader crypto sector.
