On May 29, Coinone announced that it had signed a strategic equity investment agreement with Hanwha Investment & Securities and OKX Ventures.
The investment involves the acquisition of existing shares held by Cha Myung-hoon, CEO of Coinone, and Com2uS Holdings, along with newly issued shares. As a result, Hanwha Investment & Securities and OKX Ventures will each secure a 20% stake in Coinone, making them the third-largest shareholders after Cha (30.36%) and Com2uS Holdings (24.54%). Coinone stated that Cha will retain management control following the investment.
Coinone plans to leverage this investment to enhance cooperation between traditional finance and the blockchain industry. Hanwha Investment & Securities aims to integrate Coinone's blockchain technology with its financial services in line with the ongoing institutionalization of digital assets, including token securities and stablecoins. The company also intends to share its expertise in internal controls and risk management to bolster trading stability and trust.
In collaboration with OKX Ventures, Coinone will continuously strengthen its response capabilities through the exchange of insights in user protection, operational stability, security systems, and risk management.
Com2uS Holdings expressed optimism that the entry of these strategic investors will enhance Coinone's corporate value and support its global business expansion.
Cha stated, "We are collaborating with key partners across various sectors to seize the blockchain-based digital finance infrastructure market. We will also contribute to enhancing the credibility of the cryptocurrency industry by establishing a responsible equity structure."
The four companies plan to hold a joint press conference next month to explain the background of this strategic investment and their future business directions.
* This article has been translated by AI.
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