Samsung Units Buy Dunamu Stake in Digital Asset Push
The companies said the investment will expand cooperation in tokenized securities, blockchain finance and digital asset payments as Korea’s market grows.
- On Thursday, Samsung Securities, Samsung SDS, and Samsung Card agreed to acquire a combined 4% stake in Dunamu, operator of South Korea's largest cryptocurrency exchange, Upbit, for 612.8 billion won .
- The deal is part of a larger divestment by Kakao, which has sold about $1.5 billion worth of Dunamu equity in less than a month, including stakes to Hana Bank and Hanwha Investment.
- Samsung Securities will acquire a 2% stake, while Samsung SDS and Samsung Card will each take 1% to boost competitiveness in digital asset-related businesses, tokenized securities, and blockchain software.
- Integration plans include linking Dunamu with Monimo, Samsung Card's unified financial platform, while the affiliates plan to cooperate on blockchain-based financial products and AI-related services.
- This investment positions the affiliates to secure leadership in South Korea's emerging digital asset market, as major companies increasingly prioritize AI strategies over crypto amid sustained bearish conditions.
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Samsung Securities, Samsung SDS and Samsung Card will acquire a combined 4% stake in Dunamu, the operator of South Korean crypto exchange Upbit, in a deal that expands Samsung affiliates’ exposure to the country’s digital asset market, local media reported. The three Samsung affiliates held board meetings on Thursday and approved the purchase of 1.39 million Dunamu shares held by Kakao affiliates for 612.8 billion won ($408 million), according t…
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Samsung Securities Buys 2% Dunamu Stake In Strong $408M Deal
Samsung Securities is joining South Korea’s expanding crypto sector through a stake purchase in Dunamu, the parent company of Upbit. The move highlights accelerating institutional interest in tokenized securities, stablecoins, and blockchain-based financial infrastructure as major Korean banks and corporations deepen their involvement in digital assets.
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