Hana Bank Buys $670 Million Stake in Upbit Operator Dunamu
Hana Bank, one of South Korea’s largest commercial lenders, has acquired a 1 trillion won ($670 million) stake in Dunamu, the operator of Upbit, the country’s largest crypto exchange. Hana Financial Group said Friday that the bank’s board approved the purchase of 228 million shares in Dunamu from Kakao Investment.
The companies also agreed to cooperate on building infrastructure for a won-denominated stablecoin ecosystem, pairing the investment with a broader digital-asset partnership in South Korea.
From the sources (6 posts)
@wublockchainSouth Korean Banking Giant Hana Bank Buys 670 Million USD Stake in Upbit Operator Dunamu According to Bloomberg, Hana Bank, one of South Korea’s largest commercial banks, acquired a 1 trillion won, or about 670 million USD, stake in crypto
@businessHana Bank, one of South Korea’s largest commercial lenders, has acquired a 1 trillion won ($670 million) stake in crypto exchange operator Dunamu, in the latest sign that the country’s banks are ready to embrace digital assets
@cointelegraph🇰🇷 BIG: One of South Korea largest bank Hana acquires a $670 million stake in Dunamu, the operator of Upbit, signaling growing bank adoption of digital assets.
@theblockcoHana Bank acquires $670 million stake in Upbit parent Dunamu
@coindeskJUST IN: Hana Bank, one of South Korea’s largest commercial banks, acquired a $670 million stake in Dunamu, the operator of the country’s largest crypto exchange Upbit. The firms also agreed to cooperate on building infrastructure for a wo
@theblockcoRT @ParkKunwoong: Big news🚨— South Korea's Hana Bank acquired $670 million stake in Upbit (Dunamu) In the disclosure, Hana said it aims to…