Hana Bank Bets Big on Crypto Future

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Hana Bank acquired a $670 million stake in Dunamu, the operator of South Korea’s largest cryptocurrency exchange, Upbit. Bloomberg reported the transaction values the deal at nearly 1 trillion won. Hana’s board approved purchasing 228 million shares from Kakao Investment, signaling stronger institutional confidence in digital assets. The investment reflects growing cooperation between traditional banks and crypto platforms as demand for regulated trading services rises across Asia. Analysts believe the move could accelerate mainstream crypto adoption and encourage more banks to pursue similar strategic partnerships soon.