Samsung SDS Plans Stablecoin Expansion With Upbit Operator Dunamu
Samsung SDS, the IT services arm of Samsung Group, plans to expand into stablecoin and digital asset infrastructure by leveraging its recent investment in Dunamu, the operator of South Korea’s largest cryptocurrency exchange, Upbit. President and CEO Lee Jun-hee outlined the strategy during Samsung SDS’s second-quarter 2026 earnings call on July 29.
“By combining Samsung SDS’s IT services, cloud, and security capabilities with Dunamu’s blockchain expertise, we aim to lead this market,” Lee said. The company is not entering the sector from scratch, having already participated in projects involving tokenized securities and stablecoin infrastructure. Lee noted that Samsung SDS has validated the full stablecoin process from issuance to settlement with domestic financial institutions.
In May, Samsung SDS, along with Samsung Securities and Samsung Card, acquired a 4% stake in Dunamu. Lee described the investment as part of a broader strategy to pursue inorganic growth opportunities in digital assets, artificial intelligence, and robotics. Rather than launching a consumer-facing crypto business, Samsung SDS aims to provide the underlying enterprise infrastructure for tokenized assets and stablecoin systems.
The move comes as South Korea continues developing its regulatory framework for digital assets and stablecoins. Lawmakers are debating legislation on stablecoin issuance and the role of banks and nonbank firms in the sector. These discussions are expected to shape the country’s digital asset infrastructure landscape.
Samsung SDS did not announce any new products or commercial launches related to Dunamu during the earnings call. Lee presented the investment as part of a long-term strategy, emphasizing that the company sees significant opportunities in providing infrastructure for tokenized assets and stablecoins. Separately, Samsung SDS also outlined plans to expand its AI infrastructure capacity from approximately 110 megawatts today to 230 megawatts by 2029 and over 800 megawatts by 2031.