Hana Bank Bets $670M on Dunamu, Upbit Operator
Hana Bank to acquire $670 million stake in Upbit operator Dunamu
Hana Bank is set to acquire a $670 million stake in Dunamu, the operator of South Korean crypto exchange Upbit, according to the information provided.
The move would deepen ties between a major traditional financial institution and one of South Korea’s most prominent crypto-native companies. Dunamu is best known for running Upbit, a leading digital asset exchange in the country.
A deal of this size matters because it highlights how established banks are increasingly taking equity positions in firms that sit at the center of crypto market infrastructure, rather than only offering adjacent services. It also underscores the continued importance of South Korea as a major venue for crypto trading and exchange-led activity.
No additional details were provided on the structure of the transaction, the percentage of the stake, timing, or regulatory approvals.
