{"id":2005,"date":"2026-06-29T14:42:51","date_gmt":"2026-06-29T14:42:51","guid":{"rendered":"https:\/\/xrpfaucet.site\/?p=2005"},"modified":"2026-06-29T14:42:51","modified_gmt":"2026-06-29T14:42:51","slug":"kiwoom-securities-eyes-bithumb-stake-as-koreas-tradfi-crypto-merger-picks-up-speed","status":"publish","type":"post","link":"https:\/\/xrpfaucet.site\/?p=2005","title":{"rendered":"Kiwoom Securities Eyes Bithumb Stake as Korea&#8217;s TradFi-Crypto Merger Picks up Speed"},"content":{"rendered":"<div class=\"crypto-article\">\n<p>\ud83d\udcf0 <strong>Exclusive Crypto News &#038; Analysis:<\/strong> Stay ahead with the latest developments in the cryptocurrency and blockchain space.<\/p>\n<p>\ud83d\udcc8 <strong>Market Update:<\/strong> Real-time price movements, technical analysis, and trading signals.<\/p>\n<div>\n<div class=\"@container mb-(25px) rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-(6px) !bg-success-10 p-3 @(420px):p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-(19px) !text-(#1c1c1c) md:text-(20px)\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-(#434248)\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Kiwoom Securities opened stake talks with Bithumb via private placement; no terms set as of June 29, 2026.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-(#434248)\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Bithumb Holdings\u2019 73.56% stake must shrink under Korea\u2019s Digital Asset Basic Act, which caps owners at 34%.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-(#434248)\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">South Korea\u2019s FSC releases tokenized securities rules in July 2026, pushing brokers to lock in crypto stakes.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p>Chosunbiz first <a href=\"https:\/\/biz.chosun.com\/stock\/finance\/2026\/06\/29\/AR43ARNRKZENDLVIGP23WGF23E\/\" target=\"_blank\" rel=\"noopener noreferrer\">reported<\/a> the discussions on Monday. Under the proposed structure, Bithumb would issue fresh shares directly to Kiwoom via a third-party allotment, a private placement route that bypasses open-market purchases.<\/p>\n<p>No terms have been finalized. The <span>stake<\/span> percentage, investment amount, and valuation remain under negotiation, according to the report.<\/p>\n<h2>What Bithumb Says<\/h2>\n<p>A Bithumb spokesperson told Chosunbiz: \u201cWe are discussing partnerships with various possibilities in the financial sector and multiple companies, but there are no specific matters under review or decided yet.\u201d<\/p>\n<p>The statement confirms talks are active while leaving room for the deal to evolve or collapse entirely.<\/p>\n<h2>Why Kiwoom Is Moving Now<\/h2>\n<p>South Korea\u2019s Financial Services Commission is expected to announce new <span>crypto<\/span> reforms in July, including a framework governing tokenized securities. Those rules are set to take effect inside the broader capital markets structure starting in 2027.<\/p>\n<p>For Kiwoom Securities, a direct <span>stake<\/span> in Bithumb provides exposure to <span>crypto<\/span> trading infrastructure and positions the firm for new regulated products, including security token offerings and the possibility of <span>stablecoin<\/span> services.<\/p>\n<h2>Bithumb\u2019s Listing Push Creates Urgency<\/h2>\n<p>Based on available information, Bithumb is preparing for a Kosdaq listing targeted for around 2028. Samsung Securities is serving as the lead underwriter and advisor for that process. The exchange has already begun separating its core trading business from other segments, a spin-off structure designed to improve its valuation before going public.<\/p>\n<p>Bringing in a securities firm with governance credibility supports that strategy directly.<\/p>\n<h2>The Shareholder Cap Problem<\/h2>\n<p>Pending legislation under South Korea\u2019s Digital Asset Basic Act would cap major shareholder stakes in virtual asset exchanges at 20%, with possible exceptions up to 34%. Bithumb Holdings currently holds approximately 73.56% of the exchange.<\/p>\n<p>That gap means Bithumb will need to dilute its ownership significantly before the rules take effect. A strategic investment from Kiwoom would accelerate that dilution while adding an institutional partner.<\/p>\n<h2>Kiwoom Joins a Crowded Field<\/h2>\n<p>Korean financial institutions are moving fast into <span>crypto<\/span> equity positions:<\/p>\n<ul>\n<li aria-level=\"1\">Hana Bank is pursuing a <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-staking\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">stake<\/a> in Dunamu, the operator of Upbit, in a deal reported near the $670 million range.<\/li>\n<li aria-level=\"1\">Samsung affiliates previously invested approximately $408 million for a 4% <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-staking\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">stake<\/a> in Dunamu as well.<\/li>\n<li aria-level=\"1\">OKX Ventures acquired 19.6% of Coinone, and Binance completed its acquisition of Gopax.<\/li>\n<\/ul>\n<p>Kiwoom joins Samsung Securities, Mirae Asset, and Korea Investment Securities in competing for <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">crypto<\/a> infrastructure positions.<\/p>\n<h2>What Comes Next<\/h2>\n<p>The Kiwoom-Bithumb talks fit a clear pattern: Korean brokerages are locking up exchange stakes before tokenized asset and <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-stablecoins\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">stablecoin<\/a> regulations create a defined, regulated market for digital assets. First movers gain both equity upside and a seat at the table when licensing requirements crystallize.<\/p>\n<p>Negotiations are preliminary and could shift quickly depending on FSC announcements in July and how Bithumb\u2019s listing timeline develops.<\/p>\n<\/p><\/div>\n<p>\ud83d\udca1 <strong>Pro Tip:<\/strong> Bookmark our site for daily insights, market predictions, and expert trading strategies.<\/p>\n<p>\ud83d\udd17 <strong>Explore More:<\/strong> Check our sections for in-depth guides, exchange reviews, and blockchain technology deep-dives.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\ud83d\udcf0 Exclusive Crypto News &#038; Analysis: Stay ahead with the latest developments in the cryptocurrency and blockchain space. \ud83d\udcc8 Market Update: Real-time price movements, technical analysis, and trading signals. Key Takeaways Kiwoom Securities opened stake talks with Bithumb via private placement; no terms set as of June 29, 2026. Bithumb Holdings\u2019 73.56% stake must shrink &hellip;<\/p>\n","protected":false},"author":1,"featured_media":2006,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[791,460,593,87,792],"class_list":["post-2005","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bithumb","tag-cryptocurrency","tag-exchange","tag-south-korea","tag-traditional-finance-tradfi"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/posts\/2005","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2005"}],"version-history":[{"count":0,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/posts\/2005\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/media\/2006"}],"wp:attachment":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}