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Samsung SDS Invests in Blockchain Startup
An information technology affiliate of Samsung announced today that it has invested in a blockchain startup.
By Stan Higgins
Updated May 9, 2023, 3:03 a.m. Published Jul 14, 2016, 9:20 p.m. 1 min read
An IT affiliate of South Korean electronics and manufacturing giant Samsung announced today that it has invested in a blockchain startup.
Samsung SDS said that it had invested in Blocko, a firm also based in South Korea, as well as a cybersecurity startup called Darktrace. The investment amount was not disclosed.
Blocko runs a blockchain-as-a-service platform called CoinStack, according to its website.
The firm said in a statement:
"Samsung SDS will increase competitiveness of its cybersecurity business and services by promoting sales of the differentiated cyber threat defense solution by Darktrace to Korean companies, as well as work with Blocko to support commercialization of emerging blockchain technology in various sectors including IoT."
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The U.S. market infrastructure giant targets connecting tokenized stocks, ETFs and Treasuries to Stellar in the first half of 2027.
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- Wall Street clearing giant DTCC said it plans to connect its tokenized securities platform to Stellar by 2027.
- The move expands DTCC's multi-chain strategy for blockchain-based securities settlement.
- Wall Street firms and exchanges are accelerating plans for tokenized stocks and Treasuries.
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