Hana Bank to acquire $670 million stake in Upbit operator Dunamu

60-second summary

Hana Bank is acquiring a $670 million stake in Dunamu, the operator of Upbit, a major South Korean cryptocurrency exchange. This strategic move enables Hana Bank to launch a won-pegged stablecoin, facilitate blockchain remittances, and tokenize securities. The acquisition is expected to boost the bank's digital assets offerings, expanding its presence in the rapidly growing South Korean fintech market.