Hana Bank Buys $670 Million Stake in Upbit Operator Dunamu
Hana Bank, one of South Korea’s largest commercial lenders, acquired a 1 trillion won ($670 million) stake in Dunamu, the operator of Upbit, after its board approved the purchase of 228 million shares from Kakao Investment, Hana Financial Group said Friday. The transaction adds a major traditional-bank investment to South Korea’s crypto sector, with Dunamu running the country’s largest crypto exchange.
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@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