South Korea's major financial conglomerate Hana Financial has announced the acquisition of a 6.55% stake in crypto-exchange operator Dunamu. The deal is valued at $668 million (approximately 1.003 trillion Korean won), highlighting the trend of traditional financial institutions entering the digital asset market. This is reported by Cointelegraph.com .
Hana Financial described the purchase as a strategic investment, emphasizing that its primary goal is to increase competitiveness in the field of new financial technologies. Following this transaction, Hana Financial will become the company's fourth-largest shareholder. In turn, Kakao Investment, which sold the shares, stated that it would direct the proceeds toward future new investment projects.
In recent years, traditional banks and financial institutions have moved away from a skeptical view of crypto-assets and are entering this sector more actively. In particular, Mirae Asset Group acquired a controlling stake in the Korbit exchange, while Naver Financial had also established a partnership with Dunamu.
Hana Financial continues to strengthen its position in the crypto-economy. The company previously signed a memorandum with Dunamu and POSCO International to create a blockchain-based money transfer system. The bank has also established partnerships with international finance and crypto-technology giants such as Standard Chartered, Circle, and Crypto.com.
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