The post Samsung Securities Acquires 2% Stake in Upbit Parent Dunamu appeared on BitcoinEthereumNews.com.
Key Highlights Samsung Securities will invest nearly $204 million to acquire a 2% stake in Upbit parent company Dunamu. Upbit currently controls over 80% of South Korea’s crypto exchange market and reportedly serves more than 10 million users. The deal comes as South Korea expands crypto regulation and opens the door for greater institutional participation in digital assets. Upbit:- In a major crypto acquisition update, Samsung Securities has announced plans to acquire a 2% stake in Dunamu. Dunamu is the parent company of South Korea’s largest cryptocurrency exchange Upbit. According to local reports and company disclosures, Samsung Securities approved the investment through a board resolution. It will invest approximately 306.3 billion won (around $204 million) to purchase nearly 697,000 shares in Dunamu. The transaction values Dunamu at approximately 15.3 trillion won, or roughly
Samsung's investment in Dunamu could solidify Upbit's dominance in South Korea's crypto market, potentially paving the way for a Dunamu IPO.
The post Samsung invests $408 million in Korea’s largest Bitcoin exchange parent company Dunamu appeared first on Crypto Briefing.
Three Samsung affiliates — Samsung Securities, Samsung SDS, and Samsung Card — announced on May 28 the combined acquisition of a 4% stake in Dunamu, the operator of South Korea’s dominant crypto exchange Upbit, for approximately 612.8 billion won or $408 million — the latest in a growing wave of South Korean financial institutions racing to secure strategic positions inside the country’s most valuable digital asset company. Related Reading: Worldcoin’s FOMO Rally Cracks After On-Chain Activity Explodes The shares will be purchased from a group of Kakao-affiliated funds including Kakao Investment and Kakao Ventures, at a per-share price of approximately 439,250 won — a valuation implying Dunamu’s total corporate worth at approximately 15.3 trillion won, or roughly $11.1 billion, per Wu Blockchain and Korea Times. Samsung Securities will acquire a 2% stake, while Samsung SDS and Samsung Card will each take 1%, with the transaction scheduled to close June 19, per Korea Times. Three Affili
Samsung's investment in Dunamu signals a strategic shift towards integrating blockchain and digital finance, potentially reshaping Korea's fintech landscape.
The post Samsung trio to acquire $408 million stake in crypto giant Dunamu from Kakao appeared first on Crypto Briefing.
Lambda256 and CertiK have signed a strategic MOU to expand blockchain security and compliance services in Korea and APAC. The partnership will combine CertiK’s risk intelligence tools with Lambda256’s enterprise blockchain infrastructure. Lambda256, the blockchain technology subsidiary of Dunamu, has signed a strategic Memorandum of Understanding with CertiK to strengthen digital asset security and compliance [...]
Ripple has submitted a follow-up response to the SEC Crypto Task Force seeking clearer treatment for payment stablecoins, crypto asset non-securities and tokenized securities under broker-dealer rules. The letter, dated May 22, 2026 and shared by BankXRP on X, points to a broader push for regulatory clarity around collateral treatment, custody requirements and whether on-chain […]
