Samsung units buy 4% of Dunamu for $408M
Samsung Securities, Samsung SDS and Samsung Card will acquire a 4% stake in Dunamu from Kakao affiliates for 612.8 billion won ($408M); Securities will take 2%, SDS and Card 1% each.
Samsung Securities, Samsung SDS and Samsung Card will buy a combined 4% stake in Dunamu, the operator of South Korea’s Upbit exchange, purchasing 1.39 million shares from Kakao affiliates for 612.8 billion won ($408 million). Samsung Securities will take a 2% stake, while Samsung SDS and Samsung Card will each acquire 1%.
The three Samsung affiliates approved the purchase at board meetings held Thursday.
Under the agreement, Samsung Securities will cooperate with Dunamu on issuance and distribution of tokenized securities and related digital-asset services. Samsung SDS plans to apply its information technology, artificial intelligence, cloud, security and data capabilities to Dunamu’s blockchain operations. Samsung Card will explore digital-asset payment use cases, including potential services through Samsung Financial Networks’ integrated app Monimo.
The investment follows a May contract awarded to Samsung SDS to build and operate the Korea Securities Depository’s blockchain-based securities platform, a project tied to South Korea’s plans for tokenized securities.
On May 15, Hana Financial Group said it would buy a 6.55% stake in Dunamu from Kakao Investment for more than $668 million, making Hana the company’s fourth-largest shareholder. Together, the recent transactions change Dunamu’s ownership structure and link major financial groups to both regulated tokenized securities infrastructure and private-sector exchange and payment operations.
In January, lawmakers amended the Electronic Registration Act and the Financial Investment Services and Capital Markets Act to recognize blockchain-based distributed ledgers as securities registries, assigning the Korea Securities Depository a central role in the market infrastructure. The framework is scheduled to take effect on Feb. 4, 2027, after subordinate rules are updated and related systems are established. The Financial Services Commission is continuing discussions with other agencies on the next phase of virtual-asset legislation, and key details such as stablecoin issuer structures remain under negotiation.
Samsung and Dunamu were contacted for comment but did not respond before publication.
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