As rules separating finance and virtual assets ease, securities firms compete to secure stakes in crypto exchanges
Amid signs of easing financial regulations, securities firms are moving to secure stakes in cryptocurrency exchanges. Samsung Securities, together with Samsung SDS and a credit card company, acquired a % stake in Dunamu, while Korea Investment & Securities and OKX, among others, are also seeking to gain an early position ahead of an investment in Coinone.4 acquired a % stake, while Korea Investment & Securities and OKX, among others, are also seeking to gain an early position ahead of an investment in Coinone.
As financial authorities signal an easing of rules separating finance and virtual assets, securities firms are joining the competition to secure stakes in cryptocurrency exchanges. 5 on 28, according to reports. Multiple securities firms and financial companies are considering or have made investments in exchange stakes. Samsung Securities, together with its IT affiliate Samsung SDS and a credit card company, acquired a % stake in Dunamu. The company is exploring ways to expand collaboration related to its virtual asset business through the equity investment. Some securities firms, including Korea Investment & Securities, and global exchange OKX are in discussions or have made contact to secure a stake in Coinone. These approaches by financial-sector players show how the competition for stakes is expanding. Dunamu announced that 4 people took part in its university campus event, “UpClass.” The company is pursuing activities to expand its user base and strengthen its brand. Several reports said financial-sector moves to secure stakes are driven by an aim to “gain an early foothold in the future of finance.” Each exchange and investor is reportedly exploring business expansion through equity investments and strategic partnerships. The schedule for regulatory announcements related to disclosures of stake transactions is expected to be an important factor in investment decisions. Information announced so far is limited to the stake acquisitions by each company and the status of events and discussions.1,200 people took part in its university campus event, “UpClass.” The company is pursuing activities to expand its user base and strengthen its brand. Several reports said financial-sector moves to secure stakes are driven by an aim to “gain an early foothold in the future of finance.” Each exchange and investor is reportedly exploring business expansion through equity investments and strategic partnerships. The schedule for regulatory announcements related to disclosures of stake transactions is expected to be an important factor in investment decisions. Information announced so far is limited to the stake acquisitions by each company and the status of events and discussions.