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Hana Bank Buys 6.55% Stake in Upbit Operator Dunamu for ₩1 Trillion

The investment signals South Korean banks are building core ties to crypto infrastructure.

Overview

  • Hana Bank, in Friday filings, said it will purchase 2,284,000 Dunamu shares for about ₩1.033 trillion, giving it a 6.55% stake and the No. 4 shareholder spot.
  • The share transfer is slated for June 15 and will cut Kakao Investment’s holding to 4.03% as Kakao sells to secure funds for future investments.
  • Local outlets, citing the filings, describe the deal as the largest investment by a Korean bank in a virtual‑asset operator to date.
  • Along with the stake, the firms signed an MoU to build a won‑based stablecoin system and to run SWIFT‑style cross‑border remittances on Dunamu’s Kiwa blockchain after a February proof of concept and an April testing pact with Posco International.
  • Dunamu’s scale underscores the move, with Upbit handling most crypto trading in Korea and the company reporting ₩709 billion in net profit on ₩1.56 trillion in sales last year.