Hana Financial Group said on the 15th it decided to invest 1 trillion won in Dunamu, operator of the virtual asset exchange Upbit, to acquire a 6.55% equity stake (2,284,000 shares).
Hana Financial Group's acquisition of Dunamu equity aims to secure new financial competitiveness through a strategic equity investment. It will acquire 2,284,000 existing shares held by Kakao Investment. The share purchase will be conducted entirely in cash. Through the deal, Hana Financial Group will become the fourth-largest shareholder with a 6.55% stake in Dunamu.
The scheduled acquisition date is on the 15th of next month. The acquisition amount corresponds to 2.78% of Hana Bank's equity capital last year. The entire stake will be acquired in cash. Hana Financial Group said it is "securing new financial competitiveness through strategic equity investment." The shares are existing Dunamu stock held by Kakao Investment.
Recently, the two companies have continued cooperation in the digital asset field, including a won-based stablecoin joint business and Hana Securities' security token offerings (STOs) platform. Hana Financial Group described the Dunamu acquisition as a strategic decision to secure future growth engines and expand a virtual asset ecosystem linked to finance.
Ham Young-joo, chairman of Hana Financial Group, said, "Together with Dunamu, we will take the lead in building the K-blockchain ecosystem and focus all of the group's capabilities so that the domestic virtual asset industry can leap to a globally leading level."