
Samsung Securities buys $222M stake in Dunamu
Samsung Securities said it will acquire a 2% stake in Dunamu, the parent company of Upbit, for approximately 306.3 billion won ($221.9 million).
The company said the transaction covering 697,487 shares is scheduled to close on June 19 as Samsung Securities expands its presence in the digital asset sector.
The investment is intended to strengthen synergies between traditional securities services and cryptocurrency-related business opportunities, according to the company’s public filing.
The deal will make Samsung Securities one of Dunamu’s institutional shareholders alongside Hana Bank as South Korea’s financial sector increases exposure to crypto infrastructure companies.
The investment followed a separate disclosure in May from Hanwha Investment & Securities, which said it planned to increase its Dunamu holdings to 9.84% through an additional 597.8 billion won ($433.2 million) share purchase.
Upbit remains the dominant cryptocurrency exchange in South Korea by trading volume, making Dunamu a strategic target for traditional financial firms seeking exposure to the country’s active retail crypto market.
The latest investment also highlighted growing institutional acceptance of digital assets in South Korea, although regulatory oversight remains a key issue as authorities continue refining cryptocurrency market rules and compliance standards.