Overview
- Hana Bank, which disclosed the deal Friday in a regulatory filing, will purchase a 6.55% stake in Dunamu from Kakao Investment for 1 trillion won.
- The purchase makes Hana the fourth-largest shareholder of Dunamu, the company behind Upbit, South Korea’s biggest crypto exchange by trading volume.
- The agreement includes work on a won-backed stablecoin system, a token designed to hold a steady value tied to the Korean won.
- Yonhap reported the deal as the largest investment by a bank in a virtual-asset operator in South Korea.
- Banks have stepped up crypto plans under eased rules that allow limited corporate exposure, with Woori Bank partnering with MoonPay in April and Naver Financial announcing a Dunamu takeover plan in November 2025.