Samsung subsidiary uses Upbit operators to test stablecoin infrastructure

Samsung SDS and Dunamu explore cooperation in stablecoin and digital asset infrastructure

Samsung SDS, an IT services subsidiary of Samsung Group, is discussing cooperation in stablecoin infrastructure, digital asset systems and artificial intelligence payment models with Dunamu, operator of the Korea Exchange Upbit. Samsung SDS President Li Junxi disclosed the news during the company's second-quarter earnings conference call. This discussion shows that Samsung SDS is trying to transform existing achievements in tokenization and settlement into commercial applications in digital finance, and South Korea is currently actively developing its stablecoin regulatory framework.

Core Points

Samsung SDS is negotiating with Dunamu on stablecoin infrastructure and end-to-end digital asset processing processes, including the complete link from issuance to settlement. The company pointed out that it had previously accumulated relevant capabilities through the Korea Securities Depository's tokenized securities platform project and stablecoin process verification. The effort adds momentum to Samsung's broader digital asset strategy, after Samsung Electronics has planned to add stablecoin support to Samsung's wallet. Samsung SDS positions its investment and cooperation in Dunamu as a strategic layout of digital financial infrastructure rather than a purely pursuit of financial returns. At the same time, Samsung SDS's artificial intelligence and cloud business expansion seems to be advancing in parallel with its digital financial services business.

Samsung SDS and Dunamu explore stablecoins and digital asset infrastructure

During Samsung SDS's second-quarter earnings conference call, President Li Junxi said that the company is discussing potential cooperation with Dunamu in three directions: stablecoin infrastructure, digital asset systems and artificial intelligence-based payment business models. Samsung SDS expressed the hope that this cooperation will help it expand its influence in the digital asset infrastructure market. Li Junxi linked the planned cooperation with Samsung SDS's existing capabilities. According to his remarks, the company has "gained differentiated business capabilities" by participating in the tokenized securities platform project of the Korea Securities Depositary and "end-to-end verification" work during the life cycle of the stablecoin (from issuance to settlement).

For market participants, the practical implications are obvious: Infrastructure providers that can demonstrate reliable clearing-level processes are often more likely to have an advantage in compliant enterprise-level stablecoin application scenarios, especially where tokenization requires interoperability with existing financial systems.

Cooperation closely follows Samsung's broader stablecoin layout

The talks with Dunamu came shortly after Samsung Electronics announced plans to add stablecoin support to Samsung Wallet, further extending the group's presence in digital assets away from traditional hardware and consumer applications. Although the earnings call focused on Samsung SDS's infrastructure and systems work with Dunamu, wallet development revealed a larger trend: Samsung's internal technology stack-from device-side wallets to enterprise-level blockchain infrastructure-appears to be consolidating around stablecoins and tokenized finance. This is critical for investors and builders, as the adoption of stablecoins often relies on collaborative work at multiple levels: compliant issuance and settlement infrastructure, and distribution channels for consumers and merchants. Samsung's efforts covered both endpoints, although it did not disclose specific integration steps in its second-quarter earnings report.

Previous investments by Samsung affiliates have deepened cooperation

Samsung SDS's latest statement is also based on previous actions by Samsung affiliates. According to previous reports, in May 2026, Samsung Securities, Samsung SDS and Samsung Card agreed to jointly acquire a total of 4% of Dunamu's shares. During a recent second-quarter earnings conference call, Li Junxi allegedly described the investment in Dunamu as a strategic step rather than a financial investment, and said the companies planned to refine potential business models for digital financial infrastructure. Minutes of the meeting cited in earnings materials show that the cooperation between the two parties aims to combine Samsung SDS's IT, cloud and security capabilities with Dunamu's blockchain technical expertise. This statement by Samsung SDS is noteworthy because it suggests that the collaboration is aimed at producing replicable infrastructure products, rather than just a one-time experiment. The company's emphasis on stablecoin process verification (from issuance to settlement) also shows that it regards operational readiness as a differentiation advantage.

Artificial intelligence and cloud business growth are advancing simultaneously with digital finance

Samsung SDS's digital asset plan comes against the backdrop of a broader expansion of its artificial intelligence and Cloud Services business. The company's second-quarter financial report showed that revenue increased by 5.9% year-on-year to 3.72 trillion won (approximately US$2.6 billion). Cloud business revenue increased by 17% year-on-year, and external cloud business revenue increased by 75%, driven by market demand for Samsung's cloud platform and graphics processor-as-a-service products. This data is important because stablecoins and digital asset infrastructure increasingly require data processing, security controls, and scalable computing capabilities-and investments in artificial intelligence and the cloud can directly support these deployments and monitoring. According to the same financial report, Samsung SDS also plans to expand the scale of its artificial intelligence infrastructure from the current 110 MW to 230 MW in 2029 and more than 800 MW in 2031. Although these AI capacity goals are not specifically targeted at stablecoin systems, they indicate management's intention to build computing infrastructure to support both AI services and the operational needs of digital financial platforms.

In other words, the partnership with Dunamu appears to be part of a broader platform strategy: providing infrastructure capabilities for tokenized finance, while also equipped with scalable computing and security capabilities. Next, it is worth watching whether Samsung SDS and Dunamu will move from collaborative discussions to clear product or deployment milestones-especially any details about stablecoin issuance, settlement tools or AI-based payment workflows. The current uncertainty lies in timing: Cooperation signals on the earnings conference call point the way, but adoption rates and market impact will depend on how quickly specific infrastructure plans can be implemented in South Korea's changing stablecoin regulatory environment.