According to reports from Cointelegraph, Samsung Securities, Samsung SDS and Samsung Card will acquire a 4% stake in Dunamu for approximately $408 million. The three Samsung affiliates approved the purchase of 1.39 million Dunamu shares for 612.8 billion won from Kakao-linked entities. Samsung Securities will buy a 2% stake, while Samsung SDS and Samsung Card will each acquire 1% of the company. This development signals growing institutional interest from major tech conglomerates in the crypto sector and highlights South Korea's continued role as a key crypto market.
As reported by Cointelegraph, Samsung Securities plans to work with Dunamu on tokenized securities issuance, distribution and digital asset services. Samsung Card is monitoring the possible launch of won-pegged stablecoins and plans to collaborate with Dunamu on digital asset payments and distribution through Monimo, Samsung's financial services app. Samsung SDS aims to combine its AI, cloud, security and data management services with Dunamu's blockchain operating experience to strengthen blockchain software and digital finance infrastructure for Korean financial firms.
According to Cointelegraph, the Samsung deal follows Hana Bank's recent agreement to buy a 6.55% stake in Dunamu for about $670 million. The Hana deal is expected to close on June 15 and would make the bank Dunamu's fourth-largest shareholder. Upbit remains one of Asia's largest and most regulated crypto platforms, making it an attractive target for institutional investors. A Samsung official stated that the equity investment is aimed at strengthening each affiliate's competitiveness in digital asset-related businesses.
As reported by Cointelegraph, the activity comes as South Korea works on the Digital Asset Basic Act, which is expected to cover stablecoins, exchange ownership, digital asset operators and investor protection. For Samsung, Hana and other Korean firms, Dunamu has become a direct way to prepare for the next stage of regulated crypto services. The company is also working through a merger process with Naver Financial, another deal that has drawn regulatory attention.
