The work began recently as Hana deepens ties with Dunamu after buying a 6.55% stake, with cross-border payments and stablecoins emerging as key areas of cooperation.
Hana Financial Group has started building a blockchain-based cross-border remittance and payments system with Lambda256, the blockchain unit under Dunamu, as the companies expand a broader partnership anchored by Hana’s recent investment in the crypto exchange operator. In May, Hana Financial acquired a 6.55% stake in Dunamu for about 1 trillion won ($720 million), becoming its fourth-largest shareholder, and the two sides later held a private executive meeting in July to discuss future cooperation. Cross-border remittance and payments emerged as a key area for joint work, combining Hana Financial’s foreign-exchange capabilities with Dunamu’s blockchain technology. The initiative also aligns with Chairman Ham Young-joo’s stated push into stablecoins, which he described in his New Year’s message as a business where the group should help design an ecosystem covering issuance, distribution, use and recirculation.