Hana Financial has announced its intention to acquire a 6.55% stake in Dunamu, the company behind the Upbit cryptocurrency exchange, in a deal valued at over $668 million. This purchase positions Hana as the fourth-largest shareholder in Dunamu, following recent trends where traditional financial entities increasingly invest in digital assets.
In a regulatory filing made public on May 15, 2026, Hana Financial confirmed that it is purchasing more than 2.2 million shares from Kakao Investment, which is selling a majority of its shares to raise capital for future projects. With this transaction, Kakao retains approximately 1.4 million shares.
This acquisition underscores Hana Financial's strategy to enhance its competitive edge in the evolving finance landscape through strategic equity investments. Similar movements in the sector have been noted, as other South Korean financial firms, like Mirae Asset Consulting, have also made significant investments in crypto exchanges.