Samsung units take $408M stake in Upbit operator Dunamu: Report
Samsung Securities, SDS and Card will buy 4% of Dunamu as Korean firms prepare for tokenized securities and stablecoin frameworks.
Samsung Securities, Samsung SDS and Samsung Card will acquire a combined 4% stake in Dunamu, the operator of South Korean crypto exchange Upbit, in a deal that expands Samsung affiliates’ exposure to the country’s digital asset market, local media reported.
The three Samsung affiliates held board meetings on Thursday and approved the purchase of 1.39 million Dunamu shares held by Kakao affiliates for 612.8 billion won ($408 million), according to local reports from Yonhap News Agency and ZDNet Korea. Samsung Securities will acquire a 2% stake, while Samsung SDS and Samsung Card will each acquire 1%.
The investment extends Samsung’s digital asset push weeks after Samsung SDS reportedly won a contract to build South Korea’s blockchain-based securities platform, placing Samsung affiliates across both regulated tokenized securities infrastructure and private-sector crypto exchange and payment rails.
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