Samsung SDS, the IT providers arm of Samsung Group, is exploring stablecoin infrastructure, digital asset techniques and AI-based fee fashions with Dunamu, the operator of Upbit, one of many largest native cryptocurrency exchanges.
Samsung SDS mentioned it’s discussing potential cooperation with Dunamu on stablecoin infrastructure, digital asset techniques and AI-based fee enterprise fashions, CEO Lee Jun-hee mentioned in the course of the firm’s second-quarter earnings name on Thursday.
“Now we have already secured differentiated enterprise capabilities in digital asset infrastructure by way of the Korea Securities Depository’s tokenized securities platform undertaking 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 increase 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 somewhat than a monetary funding, including that each firms 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 legislation
Samsung SDS didn’t instantly reply to Cointelegraph’s request for remark, whereas Dunamu declined to remark.
AI progress helps broader enlargement
The digital asset initiative comes amid Samsung SDS’ ongoing enlargement in AI and cloud providers, which helped elevate Q2 income 5.9% yr on yr to three.72 trillion Korean gained ($2.6 billion), in keeping with the quarterly earnings presentation.
Cloud income elevated 17% from a yr 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 increase 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.
Journal: Fears of AI-driven DeFi hack epidemic overstated for now — however not for lengthy