PANews reported on November 27th that, according to The Block, South Korean IT giant Naver and Dunamu, the parent company of cryptocurrency exchange Upbit, plan to invest 10 trillion won (approximately $6.8 billion) over the next five years to build a next-generation financial infrastructure based on the integration of AI and blockchain. On Wednesday, Naver Financial, Naver's fintech arm, confirmed it will acquire Dunamu through a share swap. On Thursday, the two companies held a joint press conference in Seoul, attended by leaders from all three parties. Dunamu President Song Chi-hyung stated that the three companies will jointly build a system, creating a "new global framework" that expands its business from payment settlement to the entire financial sector. Naver CEO Choi Soo-yeon stated that the company sees new opportunities at a "critical juncture" in the popularization of blockchain and the transition to artificial intelligence as intelligent agents. Meanwhile, according to BlockMedia, Dunamu CEO Oh Kyung-seok stated that Naver and Dunamu will also be working on launching a stablecoin pegged to the Korean won.PANews reported on November 27th that, according to The Block, South Korean IT giant Naver and Dunamu, the parent company of cryptocurrency exchange Upbit, plan to invest 10 trillion won (approximately $6.8 billion) over the next five years to build a next-generation financial infrastructure based on the integration of AI and blockchain. On Wednesday, Naver Financial, Naver's fintech arm, confirmed it will acquire Dunamu through a share swap. On Thursday, the two companies held a joint press conference in Seoul, attended by leaders from all three parties. Dunamu President Song Chi-hyung stated that the three companies will jointly build a system, creating a "new global framework" that expands its business from payment settlement to the entire financial sector. Naver CEO Choi Soo-yeon stated that the company sees new opportunities at a "critical juncture" in the popularization of blockchain and the transition to artificial intelligence as intelligent agents. Meanwhile, according to BlockMedia, Dunamu CEO Oh Kyung-seok stated that Naver and Dunamu will also be working on launching a stablecoin pegged to the Korean won.

                                                                               BitGo’s move creates further competition in a burgeoning European crypto market that is expected to generate $26 billion revenue this year, according to one estimate.                     BitGo, a digital asset infrastructure company with more than $100 billion in assets under custody, has received an extension of its license from Germany’s Federal Financial Supervisory Authority (BaFin), enabling it to offer crypto services to European investors. The company said its local subsidiary, BitGo Europe, can now provide custody, staking, transfer, and trading services. Institutional clients will also have access to an over-the-counter (OTC) trading desk and multiple liquidity venues.The extension builds on BitGo’s previous Markets-in-Crypto-Assets (MiCA) license, also issued by BaFIN, and adds trading to the existing custody, transfer and staking services. BitGo acquired its initial MiCA license in May 2025, which allowed it to offer certain services to traditional institutions and crypto native companies in the European Union.Read more