Crypto▲ Bullish
Samsung SDS CEO: Stablecoin Push Built on Existing Tokenization Work
Samsung SDS CEO Lee Jun-hee said the company will combine its IT services with Dunamu's blockchain expertise to lead South Korea's digital asset infrastructure market, building on existing tokenized securities and stablecoin work.
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Samsung SDS plans to combine its cloud and cybersecurity services with Dunamu's blockchain expertise, President and CEO Lee Jun-hee said during the second-quarter 2026 earnings call on July 29. The company already has experience with tokenized securities and stablecoin infrastructure, he said.
"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 investment in Dunamu, the operator of Upbit, South Korea's largest cryptocurrency exchange, is part of a broader push into digital asset infrastructure. In May, Samsung SDS, Samsung Securities and Samsung Card jointly acquired a 4% stake in Dunamu.
Samsung SDS is not starting from scratch. Lee cited two projects: the Korea Securities Depository's tokenized securities platform and an end-to-end validation of the stablecoin issuance-to-settlement process with domestic financial institutions.
"We have already secured differentiated business capabilities in digital asset infrastructure through the Korea Securities Depository's tokenized securities platform project and through end-to-end validation, with domestic financial institutions, of the full stablecoin process from issuance to settlement," Lee said.