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The post Hana Financial Acquires 6.55% Stake in Dunamu for $670M appeared on BitcoinEthereumNews.com. Iris Coleman May 15, 2026 09:01 Hana Financial buys 6.55% of Dunamu, operator of Upbit, for $670M. Strategic move boosts its presence in blockchain and digital assets. South Korea’s Hana Financial Group announced it has acquired a 6.55% stake in Dunamu, the operator of the country’s largest cryptocurrency exchange, Upbit. The $670 million (1.003 trillion won) deal positions Hana as Dunamu’s fourth-largest shareholder and underscores its growing commitment to the digital asset space. According to a regulatory filing on May 15, 2026, Hana purchased approximately 2.284 million shares from Kakao Investment, which retains 1.4 million shares for “future investments.” The transaction is set to close by June 15, 2026. This move aligns with Hana’s broader strategy to “secure competitiveness in new finance through strategic equity investment,” as stated in the filing. This acqu
Read full articleOKX and Korea Investment & Securities are reportedly in talks to acquire stakes in South Korean crypto exchange Coinone. The move could mark a major step in the opening of Korea’s tightly regulated digital asset market to global players. OKX Explores Strategic Coinone Role as South Korea Rethinks Crypto Rules Global crypto exchange OKX is […]
The post Saudi Arabia moves to tokenize its multi-billion dollar economy with droppRWA securing $12.5 billion in tokenization mandates appeared on BitcoinEthereumNews.com. DroppRWA has acquired $12.5 billion in mandates to bring real estate assets onto the blockchain, with plans to expand into the energy and manufacturing sectors. Chairman of the firm and architect behind Saudi Arabia’s national digital payments system, Faisal Monai, has led this acquisition, and the development is all part of an intense push by the Kingdom of Saudi Arabia to tokenize large portions of its economy under its “Vision 2030” timeline. Saudi’s tokenization leads exploits Faisal Monai is well known in Saudi Arabia, with a reputation that predates even Bitcoin. He designed SADAD, the Saudi Central Bank’s digital payments system, which was launched in 2004. The system replaced one that was dominated majorly by individual cash transfers, where roughly 70% of bill payments were made in person at physical branche
The post Consumer Crypto Hits $979B in Q1 2026 Amid Daily Use Surge appeared on BitcoinEthereumNews.com. Lawrence Jengar May 15, 2026 07:18 Crypto adoption shifts focus to payments, stablecoins, and identity as Q1 2026 retail activity hits $979B, down 11% YoY but with real-world growth. As of Q1 2026, global retail cryptocurrency activity reached $979 billion, according to data from blockchain intelligence firm TRM Labs. While this figure marks an 11% year-over-year decline, the headline contraction masks a deeper structural shift: crypto is increasingly moving from speculative trading to real-world use cases like stablecoin payments, decentralized identity, and consumer applications. This trend reflects a significant evolution in how cryptocurrency intersects with daily life. In the U.S., for instance, a May 13 report from the National Cryptocurrency Association revealed that one in four adults now use crypto for activities ranging from transactions to financial mana
The post Tokenized Assets Could Reach $1.6T by 2030, Binance Research – Bitcoin News appeared on BitcoinEthereumNews.com. Key Takeaways Binance Research framed tokenization as a bridge between traditional finance and blockchain systems. Tokenized penetration across fixed income, equities, real estate, private credit, and commodities remains around 0.01%. Regulatory progress could shape whether tokenized markets move beyond early institutional pilots. Tokenized Markets Move Toward Wider Adoption Binance Research published a report on May 15 that framed tokenization as a growing bridge between traditional finance and blockchain infrastructure. The report said real-world assets ( RWAs) could form a much larger market by 2030 as institutions test digital versions of familiar financial products. Its base case placed the opportunity near $1.6 trillion. Treasury products, gold-backed commodities, and tokenized public equities remain among the clearest areas of activity. U.S. Treasury-linked t
Binance Research said tokenized assets could reach $1.6 trillion by 2030 as institutions test blockchain-based financial products. U.S. Treasury products, gold-backed commodities, and tokenized public equities remain key areas of adoption. Tokenized Markets Move Toward Wider Adoption Binance Research published a report on May 15 that framed tokenization as a growing bridge between traditional finance […]
The post Gemini Revenue Surges 42% in Q1 2026, Credit Cards Shine appeared on BitcoinEthereumNews.com. Iris Coleman May 15, 2026 03:49 Gemini’s Q1 revenue jumped 42% to $50.3M, driven by credit card growth and new regulatory licenses, signaling a shift from trading to services. Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, reported a 42% year-over-year revenue jump in the first quarter of 2026, reaching $50.3 million. This growth was fueled largely by the explosive success of its Gemini Credit Card, which saw revenue soar nearly 300% to $14.7 million, according to the company’s May 14 earnings release. The shift underscores Gemini’s ongoing transformation from a pure-play crypto exchange to a diversified financial services platform. Transaction revenue, historically the company’s bread and butter, remained steady at $24 million for the quarter. However, crypto exchange revenue dropped 27% year-over-year to $17.2 million, reflecting a bro
The post Hana Bank Buys $670M Stake in Upbit’s Parent Dunamu in Korea’s Largest Bank-Crypto Deal appeared on BitcoinEthereumNews.com. Hana Bank, one of South Korea’s “Big 4” banks, has bought a $670 million stake in Dunamu, the parent company of crypto exchange Upbit. The acquisition makes Hana Bank the fourth largest shareholder in Dunamu with a 6.55% stake. This is the largest bank investment into a crypto exchange in Korean history, and it lands as part of a broader move by Korean banks to position themselves directly inside the digital asset space rather than around it. One of South Korea's "Big 4" banks bought a $670M stake in the parent company of Upbit. Hana Bank now holds 6.55% of Dunamu, becoming the 4th largest shareholder. This is the largest bank investment into a crypto exchange in Korean history. pic.twitter.com/YiDxiDSMuS — Satoshi Club (@esatoshiclub) May 15, 2026 What Hana Bank Just Bought Into Dunamu owns Upbit, the largest crypto exchange in South Korea by volume. Up
OKX plans a possible investment in crypto exchange Coinone as South Korea’s crypto market attracts major global exchanges and financial companies. South Korea’s crypto market may soon see a major global partnership. OKX is discussing a possible investment in Coinone, South Korea’s third-largest crypto exchange. According to Yonhap News, OKX is working with Korea Investment […] The post OKX Eyes Major Stake in South Korea’s Crypto Exchange Coinone appeared first on Live Bitcoin News.
