Samsung SDS, the IT providers arm of Samsung Group, is exploring stablecoin infrastructure, digital asset methods and AI-based fee fashions with Dunamu, the operator of Upbit, one of many greatest native cryptocurrency exchanges.
Samsung SDS mentioned it’s discussing potential cooperation with Dunamu on stablecoin infrastructure, digital asset methods and AI-based fee enterprise fashions, CEO Lee Jun-hee mentioned throughout the firm’s second-quarter earnings name on Thursday.
“We now have already secured differentiated enterprise capabilities in digital asset infrastructure by means of the Korea Securities Depository’s tokenized securities platform mission and thru end-to-end validation […] of the total stablecoin course of from issuance to settlement,” Lee mentioned. He mentioned he expects the connection with Dunamu will assist Samsung SDS broaden within the digital asset infrastructure market.
The information got here days after Samsung Electronics unveiled plans so as to add stablecoin assist to Samsung Pockets, broadening the corporate’s digital asset push.
Strategic funding targets digital finance
In Could 2026, Samsung Securities, Samsung SDS and Samsung Card agreed to purchase a mixed 4% stake in Dunamu, deepening Samsung associates’ ties to South Korea’s digital asset sector.
Within the newest Q2 name, Lee reportedly mentioned the corporate’s funding in Dunamu is a strategic transfer reasonably than a monetary funding, including that each corporations plan to refine potential enterprise fashions for digital monetary infrastructure.
Supply: Samsung SDS
“By combining Samsung SDS’s IT providers, cloud, and safety capabilities with Dunamu’s blockchain experience, we purpose to steer this market,” the Q2 transcript mentioned.
Associated: South Korea report proposes stablecoin guidelines earlier than crypto regulation
Samsung SDS didn’t instantly reply to Cointelegraph’s request for remark, whereas Dunamu declined to remark.
AI development helps broader growth
The digital asset initiative comes amid Samsung SDS’ ongoing growth in AI and cloud providers, which helped raise Q2 income 5.9% 12 months on 12 months to three.72 trillion Korean gained ($2.6 billion), in line with the quarterly earnings presentation.
Cloud income elevated 17% from a 12 months earlier, with exterior cloud enterprise income leaping 75%, pushed by demand for Samsung’s cloud platform and graphics processing unit-as-a-service choices.
The corporate additionally reportedly outlined bold plans to broaden its AI infrastructure from 110 megawatts at the moment to 230 MW by 2029 and greater than 800 MW by 2031, underscoring its broader push to construct AI infrastructure alongside digital finance providers.
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