Trending Now - Samsung Invests $446 Million in South Korea's Leading Crypto Exchange

WHO:

NewsBTC - Samsung affiliates involved include Samsung Securities, Samsung SDS, and Samsung Card.

Techmeme - Dunamu is the operator of South Korea's largest crypto exchange, Upbit.

WHAT:

NewsBTC - Samsung affiliates announced the acquisition of a 4% stake in Dunamu for approximately 612.8 billion won or $408 million.

NewsBTC - The transaction is described as a ~$446 million all-cash deal.

NewsBTC - Samsung Securities will acquire a 2% stake, while Samsung SDS and Samsung Card will each take 1%.

NewsBTC - The valuation of Dunamu is approximately 15.3 trillion won, or roughly $11.1 billion.

NewsBTC - Hana Bank agreed to purchase a 6.55% stake in Dunamu for approximately 1 trillion won ($670 million).

NewsBTC - Hanwha Investment and Securities increased its Dunamu holdings to 9.84%, committing an additional 597.8 billion won.

NewsBTC - Samsung affiliates announced the acquisition of a 4% stake in Dunamu for approximately 612.8 billion won or $408 million.

Techmeme - The deal is described as a ~$446 million all-cash transaction.

NewsBTC - Samsung Securities will acquire a 2% stake, while Samsung SDS and Samsung Card will each take 1%.

NewsBTC - Dunamu recorded a net profit of 708.8 billion won on revenues of 1.56 trillion won in fiscal 2025.

NewsBTC - Dunamu handles more than 80% of South Korean virtual asset trading volume.

WHERE:

NewsBTC - The acquisition is taking place in South Korea, specifically involving Dunamu, which operates Upbit.

WHEN:

NewsBTC - The transaction is scheduled to close on June 19.

NewsBTC - The Digital Asset Basic Act in South Korea is expected to be finalized in 2026.

WHY:

NewsBTC - Samsung Card aims to build a digital asset payment ecosystem with Dunamu, including potential integration with Monimo, contingent on the introduction of won-based stablecoins in Korea.

NewsBTC - Samsung Card aims to integrate its digital asset payment ecosystem with Monimo, contingent on the introduction of won-based stablecoins in Korea.

NewsBTC - Samsung Securities aims to strengthen cooperation on token securities issuance, distribution, and virtual asset services.

NewsBTC - Samsung SDS plans to combine its capabilities with Dunamu's blockchain infrastructure.

NewsBTC - Samsung Card aims to build a digital asset payment ecosystem with Dunamu.

HOW:

NewsBTC - 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.

NewsBTC - The investment is intended to strengthen each affiliate's competitiveness in digital asset-related businesses.

(UPDATED May 28, 2026 18:00 UTC)

Samsung affiliates have announced the acquisition of a 4% stake in Dunamu for approximately 612.8 billion won, which is about $408 million, in an all-cash deal valued at around $446 million. The transaction, set to close on June 19, will see Samsung Securities acquiring a 2% stake, while Samsung SDS and Samsung Card will each take 1%. Samsung Card is looking to build a digital asset payment ecosystem with Dunamu, potentially integrating with Monimo, depending on the introduction of won-based stablecoins in Korea.

(UPDATED May 28, 2026 16:21 UTC)

Dunamu's valuation has reached approximately 15.3 trillion won, which is around $11.1 billion, following Hana Bank's agreement to purchase a 6.55% stake for about 1 trillion won, or $670 million. Additionally, Hanwha Investment and Securities has increased its holdings in Dunamu to 9.84%, committing an extra 597.8 billion won. Meanwhile, Samsung Card is looking to integrate its digital asset payment ecosystem with Monimo, pending the introduction of won-based stablecoins in Korea.

(UPDATED May 28, 2026 14:17 UTC)

Samsung affiliates, including Samsung Securities, Samsung SDS, and Samsung Card, have announced the acquisition of a 4% stake in Dunamu, South Korea's largest crypto exchange, Upbit, for about 612.8 billion won, or $408 million. The deal, described as an all-cash transaction worth approximately $446 million, is set to close on June 19, and aims to enhance cooperation in token securities issuance and virtual asset services. Each affiliate will take a different stake, with Samsung Securities acquiring 2%, while Samsung SDS and Samsung Card will each secure 1%, all intended to bolster their competitiveness in the digital asset market.