Dunamu Eyes Nasdaq Listing After Increased Naver Financial Stock Swap

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author: CryptoNews

date: November 24, 2025

1 min. read

Dunamu, the operator of South Korea's leading cryptocurrency exchange Upbit, is reportedly planning to pursue a Nasdaq listing following a comprehensive stock exchange with Naver Financial. According to Seoul Economic Daily, the stock exchange ratio is expected to increase to approximately 1:3.3 or 3.4 between Naver Financial and Dunamu. Board meetings at both companies are scheduled for the 26th to finalize the agreement. This strategic alliance aims to leverage the strengths of both companies in the fintech sector. Specifically, sources indicate that Naver Financial and Dunamu have agreed to prioritize a US Nasdaq listing within a predetermined timeframe after the equity swap is complete. This move could significantly enhance Dunamu's global visibility and access to capital markets. The increased exchange ratio suggests a higher valuation for Dunamu, reflecting its strong market position in the cryptocurrency and blockchain space. ```