Samsung's security company based in South Korea will release its crypto exchange in 2023. According to local media, it will team up with several other securities companies in the country to establish a virtual asset firm.
Related: Google's Parent Company Alphabet Is the Leader in Crypto Investments
The companies started to obtain licenses from financial regulators in the second half of 2022. One of the participants of the initiative is South Korea’s largest investment banking and stock brokerage Mirae Asset Securities.
Supposedly, the companies have their personal crypto goals as they are seeking not only business models but their independent businesses for each company as well. Reports also say Samsung Securities is exploring the ways to enter the blockchain industry through security tokens. The tech company showed high interest in the crypto industry before.
Recent research by Blockdata reveals that Samsung is one of the largest investors in the blockchain/crypto companies. From September 2021 to June 2022, the company invested over 979 M in the sector.