Hana Financial Acquires 6.55% Stake in Upbit Operator Dunamu for $668M
- Hana Financial is purchasing over 2.2 million shares of Dunamu, equivalent to a 6.55% stake, valued at approximately 1.003 trillion Korean won ($668 million).
- This acquisition makes Hana Financial the fourth-largest shareholder in Dunamu, joining major stakeholders like its chairman with 25.5%.
- Kakao Investment is selling its shares to secure funds for future investments while retaining 1.4 million shares.
- Hana Financial has been active in the crypto sector, previously signing agreements with companies like Circle and Crypto.com.
- The move aligns with a trend of traditional financial institutions entering the digital assets market.
Hana Financial’s investment in Dunamu signifies a strategic effort to enhance competitiveness in new finance sectors as traditional banks increasingly engage with cryptocurrencies.
The acquisition of a 6.55% stake underscores Hana Financial’s commitment to expanding its presence in the digital asset landscape, reflecting broader trends among financial institutions.(Source)
