Samsung Units To Buy $408M Stake In Upbit Operator Dunamu: Report

Three Samsung affiliates – Samsung Securities, Samsung SDS, and Samsung Card – are set to acquire a combined 4% stake in Dunamu, the operator of South Korea's Upbit cryptocurrency exchange, for approximately $408 million (612.8 billion won). This strategic investment, reported by local media, significantly expands Samsung's presence in South Korea's digital asset market. Samsung Securities will hold a 2% stake, while Samsung SDS and Samsung Card will each acquire 1%. This move follows Samsung SDS's recent contract to build South Korea's blockchain-based securities platform, positioning Samsung across both tokenized securities infrastructure and private crypto exchanges. The deal also comes after Hana Financial Group's recent acquisition of a 6.55% stake in Dunamu. Samsung Securities plans to collaborate with Dunamu on tokenized securities and digital asset services, Samsung SDS will integrate its IT capabilities with Dunamu's blockchain expertise, and Samsung Card aims to explore digital asset payment use cases via the Monimo app, aligning with South Korea's upcoming regulations for stablecoins and tokenized securities.

(Source：Cointelegraph)