Hana Invests $670 Million in Crypto Exchange Operator Dunamu (1)

Hana Bank, one of South Korea’s largest commercial lenders, has acquired a 1 trillion won ($670 million) stake in crypto exchange operator Dunamu, in the latest sign that the country’s banks are ready to embrace digital assets.

Hana Bank’s board approved the purchase of 228 million shares in Dunamu from Kakao Investment, Hana Financial Group said in a statement Friday. Dunamu is the operator of Upbit, South Korea’s largest cryptocurrency exchange.

An advertisement for Hana Bank in Seoul.

Photographer: SeongJoon Cho/Bloomberg

The deal comes after Naver Financial, a subsidiary of Naver Corp., agreed to acquire Dunamu in a $10 billion deal in November 2025. ...