Korean traditional banks officially enter the largest local cryptocurrency exchange ecosystem through significant equity investment.
Hana Bank disclosed that it will acquire a 6.55% stake in Dunamu for approximately 1 trillion won, which is about 670 million dollars. Dunamu is the operator of Upbit, the largest cryptocurrency exchange in South Korea, and Upbit is the core of the South Korean crypto trading market.
This time, Hana Bank is receiving a minority stake in Dunamu from Kakao Investment. After the transaction is completed, Hana Bank will become the fourth-largest shareholder of Dunamu.
Hana Bank stated in its disclosure that this is to enhance competitiveness in the new era of finance.
This statement is actually crucial.
Because what Hana Bank is purchasing is the most important traffic, trading, and capital entry point of the South Korean cryptocurrency market. In the past, the relationship between banks and exchanges was more about banks providing real-name accounts, fiat deposit and withdrawal channels, and compliance channels for exchanges. Banks earned transaction fees, while exchanges earned trading commission fees.
However, this time Hana Bank's direct entry into Dunamu's equity structure represents that traditional banks do not want to only be service providers for cryptocurrency exchanges anymore, but aim to become part of the digital asset financial infrastructure.
If South Korea wants to promote stablecoins, on-chain payments, cross-border remittances, RWA or digital asset custody in the future, this combination will be the most direct infrastructure.
The United States is incorporating cryptocurrencies into the dollar financial system through Coinbase, Circle, stablecoin legislation, and ETFs.
South Korea, on the other hand, may be integrating cryptocurrencies into its own financial infrastructure through Upbit, Dunamu, and the local banking system.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
