Hana Bank drops $670M for a stake in Upbit operator Dunamu — won stablecoin and tokenized securities on the roadmap!

South Korea's Hana Bank has agreed to acquire a 6.55% stake in Dunamu, the operator of Upbit — the country's largest crypto exchange — for approximately 1 trillion won ($670 million). The purchase of 2.28 million shares from Kakao Investment, unanimously approved by Hana's board on May 14, is set to close June 15 and will make Hana Bank Dunamu's fourth-largest shareholder.

The deal is more than a passive equity bet. Hana and Dunamu have confirmed a joint roadmap covering won-pegged stablecoins, blockchain-based remittances, tokenized securities, and digital asset management — a full-stack play that lands just as South Korea's ruling party advances a Digital Asset Basic Act to govern issuance, trading, custody, and supervision.

Dunamu is no small target: the company controls over 80% of South Korean virtual asset trading volume, ranks 14th globally on CoinGecko with more than $1…