Dunamu has disclosed an additional investment of approximately 16 billion won in its subsidiary Biver, acquiring 4.5 million common shares and raising its stake from 86.68% to 88.2%. The move is aimed at funding growth with operating capital as Dunamu intensifies its focus on real-world asset opportunities through Biver.
Since 2021, Dunamu’s total investments in Biver have reached about 52.5 billion won, reflecting steady capital infusions. Biver specializes in luxury watches as a resale platform, with this year’s luxury watch resale volume surpassing 200 billion won and the opening of a second offline showroom at Lotte Hotel World in Jamsil, following a showroom in Apgujeong. Analysts expect Dunamu to accelerate its RWA strategy via Biver in the near term, aligning with its earlier March disclosures about prioritizing real-asset-linked tokenized securities (STOs) beginning with luxury watches. In context, the broader industry anticipates that Biver will be a vehicle for Dunamu’s expansion into STOs tied to tangible assets, signaling a concerted push into the real-world asset space alongside its crypto trading operations.
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