The acquisition of 228 million shares marks a major traditional finance entry into South Korea’s largest crypto exchange operator.
Hana Bank, a leading South Korean commercial bank, purchased a 1 trillion won ($670 million) stake in crypto exchange operator Dunamu. The deal involves 228 million shares acquired from Kakao Investment.
Dunamu operates Upbit, South Korea’s largest cryptocurrency exchange by trading volume. The move follows growing institutional interest in digital asset platforms amid regulatory clarity in the region.
No immediate market reaction was disclosed, but the investment signals traditional financial institutions’ expanding exposure to crypto markets.