Samsung SDS Plans Stablecoin Expansion With Upbit Operator Dunamu

Samsung SDS plans to combine its cloud, cybersecurity and IT services business with Dunamu’s blockchain expertise as the companies position themselves to capitalize on South Korea’s emerging digital asset infrastructure market.

“We have already secured differentiated business capabilities in digital asset infrastructure through the Korea Securities Depository’s tokenized securities platform project and through end-to-end validation, with domestic financial institutions, of the full stablecoin process from issuance to settlement,” Lee explained during the meeting.

He added that Samsung SDS intends to build on those capabilities by leveraging Dunamu’s blockchain expertise. Lee stated:

“On this foundation, we will add synergies with Dunamu to further expand our business opportunities in the digital asset infrastructure market.”

Samsung SDS discussed the investment as part of its broader strategy to pursue inorganic growth opportunities, which also includes investments tied to artificial intelligence and robotics.

In May, Samsung SDS, Samsung Securities, and Samsung Card jointly acquired a 4% stake in Dunamu, South Korea’s largest digital asset exchange operator. During the earnings call, Lee described the investment as one of the company’s strategic initiatives aimed at expanding into the digital asset infrastructure space.

The acquisition complements Samsung SDS’s broader technology portfolio, which includes cloud computing, enterprise IT services, cybersecurity, and artificial intelligence (AI) units and products. Rather than launching a consumer-facing cryptocurrency business, the company is positioning itself to provide the underlying infrastructure supporting digital asset services.

Lawmakers are debating legislation that would establish rules for stablecoin issuance and other digital asset activities, while policymakers continue weighing the role banks and nonbank companies should play in the sector. Those discussions are expected to shape how the country’s digital asset infrastructure develops over the coming years.

The strategy also aligns with Samsung SDS’s broader technology expansion. During the earnings call, Lee said the company plans to grow its AI infrastructure capacity from approximately 110 megawatts today to 230 megawatts by 2029 and more than 800 megawatts by 2031 as it expands its cloud and AI businesses.

Samsung SDS has not announced a timeline for new digital asset infrastructure offerings with Dunamu or Upbit, nor did the company disclose specific joint projects during the earnings call.