Samsung Units Acquire a $408 Million Stake in Upbit Operator Dunamu
BeInCrypto
Three Samsung affiliates have purchased a four percent stake in Dunamu, the operator of Korea's largest cryptocurrency exchange, Upbit, for $408 million.Summary
Three Samsung affiliates—Samsung Securities, Samsung SDS, and Samsung Card—have collectively acquired a four percent stake in Dunamu, the operator of Upbit, for approximately $408 million. This investment follows a wider trend of South Korean financial giants, including Hana Financial Group and Hanwha Investment Securities, securing significant stakes in the exchange. The partnership aims to facilitate collaboration on blockchain-based financial products, payment infrastructure, and AI integration. Additionally, this reshuffling of shares coincides with Dunamu’s preparations for a major merger with Naver Financial.
(Source：BeInCrypto)