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Cryptocurrency exchange operator Dunamu, behind Upbit, announced a strategic partnership with Visa to co-develop next-generation financial and payment solutions leveraging stablecoins and artificial intelligence.
Hana Bank has acquired a substantial stake, reportedly worth around $700 million to $1 trillion, in Dunamu, the operator of South Korea's largest cryptocurrency exchange. This acquisition makes Hana Bank the fourth-largest shareholder in the crypto firm.
Dunamu, operator of crypto exchange Upbit, and US blockchain firm Circle have signed a memorandum of understanding in Seoul to support the development of a more transparent digital asset market.
Samsung Securities, Samsung SDS, and Samsung Card have announced their joint acquisition of a 4 percent stake in Dunamu, the operator of South Korea’s largest cryptocurrency exchange, as part of their strategy to expand digital asset businesses.
Hana Financial Group, Posco International, and Dunamu are collaborating to develop a blockchain-based cross-border remittance platform, aiming to enhance transparency and efficiency in international fund transfers.
Naver has postponed a comprehensive share swap between its subsidiary Naver Financial and Dunamu by approximately three months due to ongoing regulatory procedures.
Hana Bank is set to purchase a $670 million stake in Dunamu, an operator of a prominent cryptocurrency exchange, signaling a significant investment in the digital asset sector.
Naver announced its intention to pursue an initial public offering for its fintech arm, Naver Financial, after a share swap agreement with Upbit operator Dunamu, though key details are still pending.