The South Korean bank announced plans for a won-pegged stablecoin, blockchain remittances, and tokenized securities.

SEOUL, May 15 : South Korea's Hana Bank will acquire a 1 trillion won ($700 million) stake in Dunamu, operator of the country's largest cryptocurrency exchange, the bank's holding…

The Korean internet giant was an early investor in Dunamu, which operates the country’s most popular crypto exchange Upbit.

The acquisition of 2.28 million shares will give Hana Bank a 6.55% stake in Dunamu, making it the fourth-largest shareholder.

Hana Bank investment makes it the fourth-largest shareholder in Dunamu, acquiring a 6.55% stake in the Upbit operator for $670M.

Hana Financial Group is investing 1 trillion won ($667 billion) in Dunamu, operator of Korea's largest crypto exchange Upbit, in the biggest tie-up yet between

The South Korean bank announced plans for a won-pegged stablecoin, blockchain remittances, and tokenized securities.

Hana Bank has acquired a 6.55% stake in Dunamu, the operator of South Korea’s largest crypto exchange, Upbit.