Dunamu partners with Kazakhstan’s Alatau City on digital finance push worth $6B

South Korea’s Dunamu, the company behind the country’s largest crypto exchange Upbit, has signed a memorandum of understanding with Kazakhstan’s Alatau City Administration and Alatau City Bank. The agreement, formalized on September 15-16, 2026, during a Korea-Kazakhstan Business Roundtable in Seoul, puts Dunamu at the center of a multi-billion-dollar effort to build out digital financial infrastructure across Central Asia. The timing was deliberate. Kazakh President Kassym-Jomart Tokayev was in Seoul on an official state visit, and the signing was part of a broader diplomatic push to attract technology partnerships into Kazakhstan’s emerging fintech ecosystem. What the deal actually involves The MOU covers four main areas: real-world asset tokenization, security token offerings, stablecoins, and digital payment solutions. Dunamu contributes the technical side, drawing on its experience running one of Asia’s most active crypto trading platforms. The Alatau City Administration handles regulatory coordination and helps connect the partnership with local institutions willing to run pilot programs. Alatau City Bank is the operational center of gravity here. The bank has already integra...