Hana Financial Acquires 6.55% Stake in Dunamu for $670M
South Korea‘s Hana Financial Group announced it has acquired a 6.55% stake in Dunamu, the operator of the country’s largest cryptocurrency exchange, Upbit. The $670 million (1.003 trillion won) deal positions Hana as Dunamus fourth-largest shareholder and underscores its growing commitment to the digital asset space. According to a regulatory filing on May 15, 2026, Hana purchased approximately 2.284 million shares from Kakao Investment, which retains 1.4 million shares for “future investments.” The transaction is set to close by June 15, 2026. This move aligns with Hanas broader strategy to “secure competitiveness in new finance through strategic equity investment,” as stated in the filing. This acquisition is the latest in a series of blockchain and crypto-forward initiatives from Hana Financial. Over the past year, Hana has been aggressively expanding its digital asset footprint. In March 2026, the firm inked a deal with Standard Chartered to jointly explore digital finance opportunities, including stablecoin-based payment systems. Earlier, in April, Hana partnered with POSCO International and Dunamu to develop a blockchain-based cross-border remittance system, highlighting its focus on integrating distributed ledger technology (DLT) into traditional financial services. Hanas investment in Dunamu follows a trend of traditional financial institutions entering the crypto sector. Mirae Asset Consulting recently