Samsung unit explores stablecoin infrastructure with Upbit’s operatorSamsung SDS is discussing stablecoin infrastructure and AI-based payment models with Dunamu, the operator of South Korean crypto exchange Upbit.
Reported by Cointelegraph · AI-assisted summary by ChikoCorp AI News Desk
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Samsung SDS, the IT services subsidiary of Samsung Group, is in discussions with Dunamu, the operator of South Korean cryptocurrency exchange Upbit, about collaborating on stablecoin infrastructure, digital asset platforms, and AI-driven payment business models. CEO Lee Jun-hee revealed these talks during Samsung SDS's second-quarter earnings call, highlighting the company’s established capabilities in digital asset infrastructure through projects like the Korea Securities Depository’s tokenized securities platform and their comprehensive stablecoin process validation.
This potential partnership follows Samsung Electronics’ recent announcement to integrate stablecoin support into Samsung Wallet, signaling the broader Samsung Group’s commitment to expanding in the digital asset sector. Moreover, in May 2026, Samsung affiliates including Samsung Securities, Samsung SDS, and Samsung Card acquired a combined 4% stake in Dunamu, a move characterized by Lee as strategic rather than purely financial. The collaboration aims to leverage Samsung SDS’s expertise in IT services, cloud, and security alongside Dunamu’s blockchain capabilities to lead digital financial infrastructure development.
Samsung SDS’s push into digital assets coincides with its growth in AI and cloud services. The company reported a 5.9% year-on-year revenue increase in Q2, reaching 3.72 trillion Korean won ($2.6 billion), with cloud revenue rising by 17% and external cloud business revenue surging 75%. Samsung SDS also plans to significantly expand its AI infrastructure capacity, aiming to more than septuple current capabilities by 2031. This strategy underscores its intention to integrate AI advancements with emerging digital finance technologies.
Neither Samsung SDS nor Dunamu provided additional comments to Cointelegraph at the time of reporting. The development is positioned by Samsung as a step towards shaping the future landscape of digital finance and asset management through combined technological strengths.