Samsung SDS and Dunamu Plan Stablecoin Infrastructure

Samsung SDS Eyes Stablecoin Infrastructure with Dunamu Partnership

Samsung SDS has outlined a strategic plan to build stablecoin infrastructure and next-generation digital asset services in collaboration with Dunamu, the operator of South Korea’s top crypto exchange, Upbit. The move is framed as an infrastructure play rather than a short-term financial investment, with Samsung SDS combining blockchain know-how from Dunamu with its own strengths in cloud, AI, cybersecurity, and IT systems integration.

Investment context and strategic intent

In May, Samsung Securities, Samsung SDS and Samsung Card purchased a combined 4% stake in Dunamu for 612.8 billion won (about $408 million). Samsung SDS holds a 1% portion of that stake. Company leadership has made clear the deal is designed to accelerate Samsung SDS’s entry into the digital asset infrastructure market—building rails and services that support payments, stablecoins, and virtual asset financial systems.

Lee Joon-hee, President of Samsung SDS, told investors that the objective is to fuse Dunamu’s blockchain operating experience with Samsung SDS’s enterprise capabilities: cloud computing, AI, security, and data management. That integration aims to produce scalable stablecoin platforms, AI-driven payment services and comprehensive virtual asset system integration for banks, exchanges and large enterprises.

What Samsung SDS and Dunamu are discussing

According to the company’s second-quarter earnings call, Samsung SDS and Dunamu are exploring several priority initiatives:

• Stablecoin infrastructure that could serve retail wallets, institutional rails and payments ecosystems.
• AI-powered next-generation payment systems that leverage generative AI for fraud detection, compliance and user experience enhancements.
• Virtual asset financial system integration and system-integration services for exchanges, banks and payment providers.

Those discussions are ongoing as the partners work toward concrete commercial models. The collaboration aligns with broader Samsung Group moves: Samsung Electronics recently announced stablecoin support for Samsung Wallet at the Galaxy Unpacked event, signaling a consumer-facing use case for on-device digital value transfers.

Link to Samsung Wallet and consumer payments

At Galaxy Unpacked on July 24, Samsung Electronics confirmed Samsung Wallet will support stablecoins alongside payments, rewards and other digital assets. The product roadmap did not specify launch dates, supported stablecoins, blockchains, or geographic availability, but the announcement underscores a unified Samsung strategy spanning infrastructure to consumer payments. Samsung Wallet’s planned stablecoin functionality would allow compatible Galaxy devices to transfer digital value directly, which could tie into the infrastructure capabilities Samsung SDS is developing with Dunamu.

This end-to-end approach—combining consumer wallet support with backend stablecoin rails—could position Samsung as a significant provider of crypto payments and digital asset services across both retail and enterprise segments.

Clarifying Samsung’s stance on other stablecoin initiatives

Notably, Samsung entities have distanced themselves from some third-party stablecoin consortium claims. South Korean press reported that Samsung had not held formal consultations with the Open Standard consortium about an OUSD stablecoin and did not confirm a role after being listed as a founding member. Dunamu, Shinhan Bank and K-Bank also stated they were still reviewing the proposal and had not approved participation.

Financial performance and cloud growth fueling expansion

Samsung SDS reported solid second-quarter results, which the company says underpin its digital asset and AI expansion plans. Key figures from the quarter include:

• Total revenue: 3.7178 trillion won, up 5.9% year-over-year.
• Operating profit: 231.8 billion won, a 0.7% increase.
• Net profit: 184.1 billion won, up 4.6%.
• IT services revenue: 1.7625 trillion won, a 5% increase.

Cloud operations were a standout, with cloud revenue rising 17% to 779.4 billion won and external cloud business surging 75% year-over-year. Samsung SDS attributes cloud growth to strong demand for its Samsung Cloud Platform, expanded GPU-as-a-Service deployments, and increased cloud management services tied to AI transformation projects across financial services and enterprise clients.

AI infrastructure scale-up to support blockchain services

AI and cloud infrastructure are central to Samsung SDS’s plan to support stablecoin rails and virtual asset systems. The company currently operates roughly 110 megawatts (MW) of AI infrastructure and targets expansion to 230 MW by 2029. Longer-term plans include exceeding 800 MW by 2031 when design, construction and operational projects are completed.

Samsung SDS was recently named a core operator in South Korea’s government-backed GPU infrastructure program and launched an NPU-as-a-Service product using FuriosaAI’s Renegade chip. It also maintains generative AI partnerships with OpenAI, Anthropic and Google Cloud, and has secured AI projects with institutions like Woori Bank and the Export-Import Bank of Korea.

This significant AI buildout—paired with cloud and security services—forms the backbone for potential stablecoin platforms, real-time crypto payments, and virtual asset risk and compliance systems.

Implications for the crypto ecosystem

If Samsung SDS and Dunamu move from discussion to deployment, we could see a major enterprise-grade stablecoin infrastructure emerge from a globally recognized technology group. That infrastructure could accelerate mainstream crypto payments, offer institutional-grade custody and compliance integrations, and advance AI-enhanced payment experiences.

For exchanges like Upbit and for banks exploring tokenized assets, a Samsung SDS-Dunamu collaboration could lower integration friction, improve scalability and provide trusted enterprise tooling for stablecoins and virtual-asset services. Investors and industry participants will be watching next steps closely as the partners work to define commercial products and regional rollouts.

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