{"id":72601,"date":"2026-05-16T11:33:42","date_gmt":"2026-05-16T11:33:42","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/hana-bank-buys-6-55-of-upbit-parent-dunamu-in-670m-crypto-push\/"},"modified":"2026-05-16T11:33:42","modified_gmt":"2026-05-16T11:33:42","slug":"hana-bank-buys-6-55-of-upbit-parent-dunamu-in-670m-crypto-push","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/hana-bank-buys-6-55-of-upbit-parent-dunamu-in-670m-crypto-push\/","title":{"rendered":"Hana Bank Buys 6.55% of Upbit Parent Dunamu in $670M Crypto Push"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Hana Bank will buy a 6.55% Dunamu stake for $670M, with the deal expected to close by June 15.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Upbit parent Dunamu deal signals Korean banks\u2019 deeper push into crypto finance.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Hana Bank expands blockchain ties after USDC and Standard Chartered partnerships.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Kakao Sells $670M Dunamu <span>Stake<\/span> to Hana Bank<\/h2>\n<p>Hana Bank has agreed to acquire a significant <span>stake<\/span> in Dunamu, the parent company of <span>cryptocurrency<\/span> exchange Upbit, in a move that underscores the growing convergence between South Korea\u2019s traditional banking sector and the digital asset industry.<\/p>\n<p>The bank will purchase 2.28 million shares in Dunamu from Kakao Investments for approximately $670 million (1 trillion won), according to <a href=\"https:\/\/dart.fss.or.kr\/dsaf001\/main.do?rcpNo=20260515800029\" target=\"_blank\" rel=\"noopener noreferrer\">regulatory filings<\/a> released Friday. The transaction, scheduled to close on June 15, will give Hana Bank a 6.55% ownership <span>stake<\/span>, making it the fourth-largest shareholder in the company.<\/p>\n<p>The acquisition represents the largest investment by a South Korean bank into a digital asset business to date.<\/p>\n<p>Dunamu operates Upbit, the country\u2019s dominant <span>crypto<\/span> exchange and one of the largest trading platforms in Asia. The investment signals increasing confidence among established financial institutions that digital assets are becoming a permanent part of the financial system rather than a speculative fringe market.<\/p>\n<p>Hana Financial Group said the purchase is intended to strengthen its position in what it described as a new financial landscape. The bank is funding the all-cash transaction using approximately 2.78% of its equity capital.<\/p>\n<p>Kakao Investments, the investment arm of technology conglomerate Kakao Corp., confirmed it is reducing its <span>stake<\/span> through the sale. Following the transaction, Kakao Investments will retain roughly 1.4 million shares in Dunamu, representing about 4% ownership.<\/p>\n<p>The move builds on Hana\u2019s broader push into digital finance and blockchain-related partnerships. Earlier this year, the bank\u2019s credit card unit entered into a marketing agreement tied to Circle\u2019s USDC <span>stablecoin<\/span> alongside <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">Crypto<\/a>.com. Hana has also partnered with Standard Chartered on digital asset initiatives.<\/p>\n<p>South Korea\u2019s banking industry has historically taken a cautious approach toward <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">cryptocurrencies<\/a>, largely due to regulatory uncertainty and strict oversight requirements tied to anti-money laundering compliance. That stance has gradually softened as institutional adoption of digital assets expands globally, and regulators begin establishing clearer frameworks for the sector.<\/p>\n<p>For Hana, the investment offers strategic exposure to one of the country\u2019s most influential <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">crypto<\/a> platforms at a time when banks are increasingly exploring tokenized payments, <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-stablecoins\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">stablecoins<\/a>, and blockchain-based financial infrastructure.<\/p>\n<p>Hana Financial Group reported a net profit of roughly $2.67 billion (4 trillion won) last year, giving the lender substantial capacity to pursue strategic investments outside traditional banking.<\/p>\n<p>As banks worldwide assess how digital assets fit into future financial systems, Hana\u2019s move suggests South Korea\u2019s largest lenders are no longer content to remain on the sidelines.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/hana-bank-buys-6-55-of-upbit-parent-dunamu-in-670m-crypto-push\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Hana Bank will buy a 6.55% Dunamu stake for $670M, with the deal expected to close by June 15. Upbit parent Dunamu deal signals Korean banks\u2019 deeper push into crypto finance. Hana Bank expands blockchain ties after USDC and Standard Chartered partnerships. Kakao Sells $670M Dunamu [&hellip;]<\/p>\n","protected":false},"author":3947362377,"featured_media":72602,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72601"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362377"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=72601"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72601\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/72602"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=72601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=72601"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=72601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}