Crypto VC Funding: Naver Financial acquires Dunamu for $10.3B, Fordefi acquired for $100M
PositiveCryptocurrency
- Naver Financial has made a significant move in the cryptocurrency sector by acquiring Dunamu, the operator of the cryptocurrency exchange Upbit, for $10.3 billion. This acquisition, announced during the week of November 23-29, 2025, is part of a broader trend in crypto VC funding, which saw a total of $10.46 billion across 10 projects during this period.
- The acquisition positions Naver Financial to enhance its presence in the cryptocurrency market, allowing it to integrate Dunamu's operations and potentially leverage Upbit's user base for future growth. This strategic move is expected to solidify Naver's role as a key player in the evolving digital finance landscape.
- The merger is anticipated to pave the way for Upbit's initial public offering (IPO) on Nasdaq, reflecting a growing trend of Asian cryptocurrency firms seeking to expand their reach in international markets. However, this development comes amidst challenges, including a recent security breach at Upbit, which highlights the ongoing risks associated with cryptocurrency exchanges.
— via World Pulse Now AI Editorial System
