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According to CCN, major financial holding companies in South Korea are actively collaborating with tech giants such as Samsung Electronics, Naver, and Kakao to seize the country's upcoming stablecoin market.As the Financial Services Commission of South Korea plans to submit a comprehensive stablecoin bill to the National Assembly by the end of 2025, financial groups like KB, Shinhan, Hana, and Woori are accelerating their preparations, hoping to launch the first KRW-pegged stablecoins before the regulatory framework is officially established. Once the bill is passed, it will officially legalize KRW-backed stablecoins and allow banks to issue them either independently or in partnership with private entities.Since building blockchain and payment infrastructure from scratch could take years, banks are choosing to ally with tech giants that already have robust platform ecosystems. KB Kookmin Bank has applied for over 17 trademarks for its "KB KRW" stablecoin and established a dedicated department, while Shinhan Financial Group is trialing KRW-backed tokens on its delivery app. Hana Financial Group has formed a digital asset task force, and Woori Financial Group is collaborating with Samsung Electronics on Samsung Wallet.Despite currently being in a regulatory gray area, domestic stablecoin trading volume in South Korea has surpassed 60 trillion KRW (approximately 41 billion USD) this year, and major financial institutions are eager to establish market credibility early on. By ensuring regulatory compliance through banks and providing convenience and scalability through tech companies, South Korea may create a unique digital currency system.

ChainCatcher news, according to CoinDesk, Samsung has partnered with Coinbase to provide Coinbase One service access to 75 million Galaxy device users in the United States. This is the largest consumer distribution in Coinbase's history and also the biggest move by Galaxy in the crypto space.Users can access Coinbase directly through Samsung Wallet, enjoying zero transaction fees and higher staking rewards without the need to download additional apps or transfer funds. Samsung Pay will also be integrated with Coinbase accounts, supporting the binding of crypto assets for payments. This plan will also expand to international markets in the future.

According to ChainCatcher news, Fnnews reported that Samsung Securities has listed Kakao Pay and NHN KCP as the preferred targets in the Korean won stablecoin sector, raising their target prices by 23.4% and 24.8%, respectively.Samsung Securities pointed out that if South Korea allows non-bank fintech companies to issue stablecoins in the future, large platforms like Kakao Pay will have a significant first-mover advantage and are optimistic about their potential to generate revenue through stablecoin circulation.

ChainCatcher news, according to official sources, Coinbase has announced that Samsung Pay will soon be available as a payment and deposit option, initially launching for users in the United States and Canada. Coinbase users in North America will be able to use Samsung Pay directly within the Coinbase app to top up their cryptocurrency, with plans to expand to more regions in the near future.

ChainCatcher news, TensorOpera AI, another company co-founded by ChainOpera co-founder Salman and Aiden, has reached a strategic partnership with Samsung Electronics, showcasing groundbreaking innovations in multimodal generative AI applications on mobile devices.At CES 2025, TensorOpera AI announced its strategic collaboration with Samsung Electronics to achieve breakthrough applications of multimodal AI on mobile devices based on the Exynos processor. This technology enables low-latency, high-performance AI Agent operations on smartphones by optimizing Android applications and C++ inference pipelines, while ensuring privacy and personalized services.As a company within the ChainOpera ecosystem, TensorOpera shares its founding team and technical architecture, utilizing edge-cloud collaborative technology to reduce AI service costs to 10% of the industry standard. Currently, ChainOpera's AI Terminal has served over a million users, achieving cloud-edge-device three-tier linkage driven by LLM."We are pushing the potential of edge-cloud collaboration to the extreme," said co-founder Salman. The two companies are leveraging a hybrid edge-cloud architecture, combining blockchain and decentralized AI technologies to continuously expand the boundaries of edge intelligence. This collaboration marks a new phase in the large-scale application of mobile AI Agent technology.

ChainCatcher news, according to Cointelegraph, Alchemy Pay's virtual card is now available on Google Pay and is set to launch on Samsung Pay soon, providing users with another seamless way to spend cryptocurrency. Alchemy Pay mentioned in its announcement on October 8 that the new Samsung Pay payment feature will be launched within weeks after the platform completed its integration with Google Pay in September.

ChainCatcher news, Samsung Next, the investment company under Samsung Electronics, officially announced today that it has invested in the Sony Layer2 network Soneium development team Startale Labs.

ChainCatcher news, the decentralized AI blockchain platform Sahara AI announced the completion of a $43 million Series A funding round, led by Binance Labs, Pantera Capital, and Polychain Capital, with participation from Samsung, Matrix Partners, Thailand's Kasikorn Bank, dao5, Alumni Ventures, Geekcartel, Nomad Capital, and Mirana Ventures.It is reported that the new funds will be used to further expand its global team, enhance the performance of its AI blockchain, and accelerate the development of its developer ecosystem.

ChainCatcher news, the DePIN project Roam has recently received investment from Samsung Next after completing a $5 million strategic round of financing at the end of last year. This investment will further promote Roam's construction in the DeWi track ecosystem and the global WiFi roaming network nodes.According to the crypto data platform RootData, as of now, Roam has received investments from institutions such as Anagram, Volt Capital, Comma3 Ventures, ECMC Group, Awesome People Ventures, Stratified Capital, DePIN Labs, Future 3 Campus, IoTeX, ZC capital, JDI, Synergis, and SNZ.

ChainCatcher news, the interoperable blockchain game Illuvium has announced a partnership with Samsung, the largest electronics company in South Korea, to connect the digital world and the physical world. This collaboration will integrate Samsung's technology with the Illuvium universe.

ChainCatcher news, the encrypted social protocol beoble announced the completion of a $2 million Pre-Seed financing round, with participation from DCG, Samsung Next, HashKey Capital, GBV Capital, Token Bay Capital, Momentum 6, and others.It is reported that Beoble is a social module with API and SDK for Web 3.0. With beoble, Web 3.0 services can easily integrate social profiles, messaging, and publish and subscribe social features into their services within 5 minutes.

ChainCatcher news, according to TechCrunch, AI video generation startup Irreverent Labs, founded by former Microsoft executive Rahul Sood, announced the completion of a new round of financing, led by Samsung Next, a subsidiary of Samsung Electronics, with the specific amount not disclosed.According to the crypto data platform RootData, Irreverent Labs announced the completion of a $5 million seed round financing in November 2021, led by a16z. It is an NFT gaming company that is preparing to develop an easy-to-use "play-to-earn" game featuring AI characters.

ChainCatcher news, the compliance layer protocol Astra Protocol indicates that the investment platform Republic will purchase 10 million Astra Protocol utility tokens ASTRA, approximately 3 million USD. Republic will primarily use these ASTRA tokens as "points" for Astra's KYC compliance platform and Know-Your-Business (KYB) services.It is reported that members of the Astra Protocol advisory board include former Samsung President and Chief Strategy Officer Young Sohn, former White House Acting Chief of Staff Mick Mulvaney, former Secretary of Homeland Security Kirstjen Nielsen, and former EU Trade Commissioner Phil Hogan. (source link)

ChainCatcher news, Web3 marketing platform Sesame Labs has completed a $4.5 million seed round financing, led by Wing Venture Capital and Patron, with participation from Samsung, DoubleJump, Forte, Moonfire, Twin Ventures, as well as Balaji Srinivasan, Fractal co-founder Robin Chan, and Sorare CMO Ryan Spoon. The new funding will be used to build its team, with 80% of the budget allocated for product development.It is reported that Sesame Labs' marketing stack includes event management platforms, advertising networks, and customer relationship management tools. It also allows companies to develop targeted marketing campaigns, leveraging competitor data, showcasing cross-channel customer insights, and creating in-game user engagement rewards through its platform. (Source link)

According to ChainCatcher news, multiple major public institutions and companies in South Korea have been included in the potential creditor list of FTX, including the South Korean Ministry of Environment, the largest law firm in South Korea, Kim & Chang, Samsung Next, an investment company under Samsung Electronics, shared office service provider The Executive Centre, and Vantago.The South Korean Ministry of Environment responded that its financial funds have no direct transactions with FTX and will consult with the bankruptcy court in Delaware, USA, to confirm the details of the creditor list. In addition, considering that the subcommittee can conduct transactions in the name of the Ministry of Environment, the ministry plans to further investigate the transaction details and examine the operation of the funds.The creditor list previously submitted by FTX lawyers to the court did not include information about the background or scale of the creditors, only the names and addresses of the creditors. The only South Korean government department on the list is the Ministry of Environment. In addition to the South Korean Ministry of Environment, the Japanese Ministry of Environment, the Indian Ministry of Finance, and the Vietnamese Ministry of Finance and Science and Technology were also listed as creditors. (source link)

ChainCatcher news, according to Bloomberg, the "Samsung Bitcoin Futures Active ETF" launched by Samsung Asset Management has been listed and traded on the Hong Kong Stock Exchange. The company stated that Hong Kong is pushing to become a cryptocurrency hub in the Asia-Pacific region, and Samsung is currently closely monitoring the evolving digital asset regulations in the area. If conditions permit, it will consider launching a spot Bitcoin-based exchange-traded fund in Hong Kong in the future. (source link)

ChainCatcher news, the "Samsung Bitcoin Futures Active ETF" launched by Samsung Asset Management has been listed and traded on the Hong Kong Stock Exchange (code: 3135), with an opening price of 8.4 HKD, and a price of 8.36 HKD at the time of writing. This ETF aims to invest in Bitcoin futures products listed on the Chicago Mercantile Exchange (CME) and will not directly invest in Bitcoin, adopting an active investment strategy. (Source link)

ChainCatcher news, according to Edaily, Samsung Asset Management announced that it will list the Samsung Bitcoin Futures Active ETF (code: 3135.HK) on the Hong Kong Stock Exchange on January 13. This ETF is a product that seeks to achieve investment performance as similar as possible to spot Bitcoin by investing in Bitcoin futures listed on the Chicago Mercantile Exchange (CME). In addition to primarily investing in CME Bitcoin futures, this ETF may also invest in some CME micro Bitcoin futures under certain circumstances. (Source link)