Samsung Securities Acquires 2% Stake in Upbit Parent Dunamu

Three Samsung affiliates have agreed to jointly acquire a 4% stake in Dunamu, the company behind South Korea’s largest cryptocurrency exchange, Upbit, for approximately 612.8 billion won ($408 million). Samsung Units to Acquire 4% Stake in Upbit Operator Dunamu Samsung Securities, Samsung SDS, and Samsung Card announced the deal on May 28, 2026, according to […]

US sanctions on Iran's tolls in the Strait of Hormuz highlight the growing role of digital assets in geopolitical conflicts. The post Scott Bessent warns Oman of US penalties for tolls in Strait of Hormuz appeared first on Crypto Briefing.

The post UK Sanctions Strike Russia-Linked Crypto Networks in Sweeping Crackdown appeared on BitcoinEthereumNews.com. Key Takeaways Britain sanctioned crypto exchanges, payment providers, and individuals linked to Russia-focused financial networks. Officials connected the A7 network to military procurement, oil proceeds, and cross-border settlement channels. Stablecoin infrastructure and exchange screening now face heightened scrutiny across U.K. crypto compliance operations. Crypto Exchanges Face UK Regulation 17A Action Britain announced on May 26 a sanctions package aimed at crypto routes used to move funds into Russia. The measures focus on exchanges, payment providers, stablecoin infrastructure, banks, and individuals tied to sanctions-evasion networks. The U.K. government said the package targets cryptocurrency channels and the A7 network, with the measures taking effect immediately. Crypto-related entities named in the package include EXMO Exchange Limited, Arvix Limited Liabili

Samsung's investment in Dunamu could solidify Upbit's dominance in South Korea's crypto market, potentially paving the way for a Dunamu IPO. The post Samsung invests $408 million in Korea’s largest Bitcoin exchange parent company Dunamu appeared first on Crypto Briefing.

Samsung Securities, SDS and Card will buy 4% of Dunamu as Korean firms prepare for tokenized securities and stablecoin frameworks.

Three Samsung affiliates — Samsung Securities, Samsung SDS, and Samsung Card — announced on May 28 the combined acquisition of a 4% stake in Dunamu, the operator of South Korea’s dominant crypto exchange Upbit, for approximately 612.8 billion won or $408 million — the latest in a growing wave of South Korean financial institutions racing to secure strategic positions inside the country’s most valuable digital asset company. Related Reading: Worldcoin’s FOMO Rally Cracks After On-Chain Activity Explodes 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 — a valuation implying Dunamu’s total corporate worth at approximately 15.3 trillion won, or roughly $11.1 billion, per Wu Blockchain and Korea Times. Samsung Securities will acquire a 2% stake, while Samsung SDS and Samsung Card will each take 1%, with the transaction scheduled to close June 19, per Korea Times. Three Affili

Samsung's investment in Dunamu signals a strategic shift towards integrating blockchain and digital finance, potentially reshaping Korea's fintech landscape. The post Samsung trio to acquire $408 million stake in crypto giant Dunamu from Kakao appeared first on Crypto Briefing.

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