Samsung SDS Explores Stablecoin Partnership With Upbit Operator Dunamu

Samsung SDS, the IT services division of Samsung Group, is discussing potential collaboration with Dunamu, operator of major South Korean crypto exchange Upbit, on stablecoin infrastructure, digital asset systems and AI-driven payment models.

Executives Highlight Existing Digital Asset Experience

During the company’s second quarter earnings call, Samsung SDS CEO Lee Jun hee said the firm has already built strong capabilities in digital asset infrastructure through its work on Korea Securities Depository’s tokenized securities platform and through complete testing of stablecoin issuance and settlement processes. He said partnering with Dunamu could help the company expand further into digital asset infrastructure markets.

Part of Broader Samsung Strategy

This development follows Samsung Electronics’ recent announcement introducing stablecoin support to Samsung Wallet, reflecting a wider push across Samsung’s business units into digital finance. Earlier this year, Samsung Securities, Samsung SDS and Samsung Card jointly agreed to acquire a combined stake in Dunamu, reinforcing ties between Samsung affiliates and South Korea’s digital asset sector. Lee described the investment as strategic rather than purely financial, aimed at jointly developing new digital finance business models.

Growth Driven by AI and Cloud Expansion

The stablecoin discussions come as Samsung SDS continues expanding its AI and cloud operations, which helped push quarterly revenue up nearly 6% year over year. Cloud revenue grew significantly, driven by strong demand for cloud platforms and GPU-based services. The company also outlined plans to significantly scale its AI infrastructure capacity over the coming years, supporting its broader ambitions across both AI and digital finance.