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Key Takeaways
- Naver Monetary, the fintech arm of Naver, is anticipated to accumulate full management of Dunamu, the operator of South Korea’s distinguished Upbit cryptocurrency change, by way of a share-swap deal.
- The acquisition would make Dunamu an entirely owned subsidiary of Naver Monetary, positioning Naver because the direct proprietor of Upbit.
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Naver Monetary, the fintech subsidiary of South Korea’s dominant web portal, is anticipated to achieve full management of Dunamu, the operator of Upbit cryptocurrency change, by a share-swap deal that the 2 corporations are getting ready to approve.
The acquisition would rework Dunamu into an entirely owned subsidiary of Naver Monetary, giving the tech big direct possession of South Korea’s main crypto change platform.
In July 2025, Upbit and Naver Pay shaped a strategic alliance to launch a KRW-based stablecoin, following South Korean regulatory developments and rising authorities assist for won-pegged stablecoins. The partnership aimed to boost profitability and affect digital asset insurance policies within the nation.
Upbit has expanded internationally by a partnership with Vietnam’s MB Financial institution in August 2025 to determine the nation’s first home crypto change.
The deal positions Naver to seize market share in South Korea’s rising digital finance sector by its management of the change that has been actively pursuing each home stablecoin integration and worldwide enlargement.
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