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Hana Financial Group

Financial holding group

Hana Financial Group is the parent holding company of Hana Bank, one of South Korea's four large commercial banks (alongside Shinhan Bank, Woori Bank, and KB Kookmin Bank), and the anchor of a second, smaller won-stablecoin consortium alongside BNK and iM Bank. On 15 May 2026 Hana paid roughly 1 trillion won ($666m) for a 6.55% stake in Dunamu, the operator of Upbit, South Korea's largest crypto exchange, a deal driven primarily by stablecoin and cross-border-payments strategy and building on an existing cross-border remittance relationship established in late 2025. The stake sits alongside a Hana-Dunamu-POSCO International initiative to connect Dunamu's Giwa Layer 2 blockchain to Hana's foreign-exchange network and POSCO's global supply chain, and both Hana and Dunamu run separate stablecoin-distribution tracks (Hana through its bank consortium, Dunamu through a partnership with Naver Pay). For a tokenisation operator, Hana is the clearest Korean example of a commercial bank buying direct equity access to exchange-side crypto infrastructure rather than only building tokenised-deposit rails in-house.

Role in tokenisation

  • Anchor of a second, smaller won-stablecoin consortium (with BNK and iM Bank; Standard Chartered First Bank also reportedly participating), positioning ahead of the Digital Asset Basic Act (DABA) Phase 2 stablecoin-issuance regime.
  • 6.55% equity stake in Dunamu (Upbit operator), paid 15 May 2026, giving Hana a direct commercial relationship with Korea's largest crypto exchange.
  • Participant in a Dunamu-POSCO International initiative linking Dunamu's Giwa L2 blockchain to Hana's FX network.

Recent activity

  • 15 May 2026. Paid roughly 1 trillion won ($666m) for a 6.55% stake in Dunamu, the operator of Upbit, driven by stablecoin and cross-border-payments strategy and building on an existing cross-border remittance relationship (Ledger Insights).

Open questions

  • Whether the Dunamu stake becomes an investment in Naver Financial once Naver's pending acquisition of Dunamu completes, and what that implies for Hana's strategic position.
  • How the DABA Phase 2 stablecoin-issuer-eligibility deadlock (bank-owned versus broader access) resolves for Hana's second consortium relative to the principal eight-bank consortium.

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