Upbit operator Dunamu receives $670 million strategic investment from Hana Bank

Techub News, according to CryptoBriefing, Upbit operator Dunamu has received a 1 trillion KRW (approximately 670 million USD) investment from Hana Financial Group. Hana Bank will acquire a 6.55% stake from Kakao Investment, becoming the fourth-largest shareholder, and the two parties will also collaborate on building a Korean won stablecoin infrastructure. This transaction is the latest move by South Korean banks to enter the digital asset sector, following Woori Bank’s partnership with MoonPay in April to develop a Korean won stablecoin. Hana Financial Group stated that this initiative aims to accelerate financial innovation related to digital assets and expand joint business with Dunamu. Currently, Naver Financial is acquiring Dunamu in an all-stock transaction valued at approximately 10 billion USD, with plans to proceed with an IPO after completion.