Hana Bank Buys 6.55% of Upbit Parent Dunamu in $670M Crypto Push

South Korean authorities are set to release detailed rules for the issuance, infrastructure, and distribution of tokenized securities, as the country advances its efforts to implement crypto market regulations in 2027. Related Reading: Bank Of England To Ease ‘Overly Conservative’ Stablecoin Rules After Industry Backlash – Report FSC Eyes July Tokenized Securities Framework On Friday, […]

Entain General Counsel Simon Zinger has written directly to six Premier League clubs, urging them to commit to UK-licensed gambling sponsors only for the 2026/27 season, citing Stake’s “heavy reliance on cryptocurrency” and BJ88’s use of “unregulated payment methods like cryptocurrency to evade financial oversight” in letters reported by SBC News today. Entain’s General Counsel […]

OKX and Korea Investment & Securities are reportedly in talks to acquire stakes in South Korean crypto exchange Coinone. The move could mark a major step in the opening of Korea’s tightly regulated digital asset market to global players. OKX Explores Strategic Coinone Role as South Korea Rethinks Crypto Rules Global crypto exchange OKX is […]

The post Hana Financial Acquires 6.55% Stake in Dunamu for $670M appeared on BitcoinEthereumNews.com. Iris Coleman May 15, 2026 09:01 Hana Financial buys 6.55% of Dunamu, operator of Upbit, for $670M. Strategic move boosts its presence in blockchain and digital assets. South Korea’s Hana Financial Group announced it has acquired a 6.55% stake in Dunamu, the operator of the country’s largest cryptocurrency exchange, Upbit. The $670 million (1.003 trillion won) deal positions Hana as Dunamu’s fourth-largest shareholder and underscores its growing commitment to the digital asset space. According to a regulatory filing on May 15, 2026, Hana purchased approximately 2.284 million shares from Kakao Investment, which retains 1.4 million shares for “future investments.” The transaction is set to close by June 15, 2026. This move aligns with Hana’s broader strategy to “secure competitiveness in new finance through strategic equity investment,” as stated in the filing. This acqu

The post Hana Bank Buys $670M Stake in Upbit’s Parent Dunamu in Korea’s Largest Bank-Crypto Deal appeared on BitcoinEthereumNews.com. Hana Bank, one of South Korea’s “Big 4” banks, has bought a $670 million stake in Dunamu, the parent company of crypto exchange Upbit. The acquisition makes Hana Bank the fourth largest shareholder in Dunamu with a 6.55% stake. This is the largest bank investment into a crypto exchange in Korean history, and it lands as part of a broader move by Korean banks to position themselves directly inside the digital asset space rather than around it. One of South Korea's "Big 4" banks bought a $670M stake in the parent company of Upbit. Hana Bank now holds 6.55% of Dunamu, becoming the 4th largest shareholder. This is the largest bank investment into a crypto exchange in Korean history. pic.twitter.com/YiDxiDSMuS — Satoshi Club (@esatoshiclub) May 15, 2026 What Hana Bank Just Bought Into Dunamu owns Upbit, the largest crypto exchange in South Korea by volume. Up

OKX plans a possible investment in crypto exchange Coinone as South Korea’s crypto market attracts major global exchanges and financial companies. South Korea’s crypto market may soon see a major global partnership. OKX is discussing a possible investment in Coinone, South Korea’s third-largest crypto exchange. According to Yonhap News, OKX is working with Korea Investment […] The post OKX Eyes Major Stake in South Korea’s Crypto Exchange Coinone appeared first on Live Bitcoin News.

The post OKX Reportedly Eyes Coinone Stake Amid South Korea Crypto Race appeared on BitcoinEthereumNews.com. Global crypto exchange OKX is reportedly in talks with Korea Investment & Securities to take a major stake in Coinone, marking the latest shakeup in South Korea’s tightly regulated crypto exchange market. According to a Friday report by Korean media outlet Yonhap, the two firms are discussing plans to each acquire around 20% of Coinone, mainly through the issuance of new shares rather than the sale of existing stock, a structure that would inject fresh capital while initially leaving management control largely unchanged. In early April, Korean media reported that Korea Investment & Securities was reviewing a possible acquisition of a stake in Coinone as part of a broader push into digital assets, and that no final decision had been made. The reported deal would give OKX a foothold in one of Asia’s largest won-denominated crypto markets, as South Korean regulators intensify scrut

The post US Banks Shift Digital Asset Focus to Infrastructure Over ROI appeared on BitcoinEthereumNews.com. Lawrence Jengar May 14, 2026 15:15 US banks move past ‘why crypto?’ to tackle infrastructure for stablecoins and tokenized assets, with tech strategy now driving decisions. The conversation around digital assets in U.S. banking has fundamentally shifted. According to Fireblocks’ 2026 Financial Grid USA report, banks are no longer debating the business case for digital assets. Instead, the focus has turned to infrastructure: how to build it, in what order, and whether legacy systems can support the transition. Nearly 68% of surveyed U.S. banks plan to issue their own stablecoins by the end of 2026, far outpacing Europe’s 36% and APAC’s 11%. Another 79% intend to deploy stablecoins issued by other regulated entities. The market has decided its direction—deposits, payments, and 24/7 settlement are at the core of this push. Notably, 99% of U.S. institutions now prio