Searching...
The bank will acquire approximately 2.3 million shares, representing a 6.55% stake, from a Kakao affiliate for about $670 million.
Share
Dunamu, the South Korean digital asset company that owns Upbit, has secured a 1 trillion won ($670 million) investment from Hana Financial Group, part of the country’s “big four” banking group.
Under the deal, Hana Bank will acquire a 6.55% stake in Dunamu from Kakao Investment. The transaction makes Hana Bank Dunamu’s fourth-largest shareholder and includes a cooperation agreement to build infrastructure for a won-denominated stablecoin ecosystem.
