It is said that Dunamu, the parent company of Upbit, South Korea’s biggest bitcoin exchange, is working on its own blockchain network. Recent trademark filings for the name “GIWA” have led to the rumors, which have made people even more excited for a big statement at the company’s upcoming annual conference.
The rumors started with a story from a local news source called ‘Bloomingbit’. They are based on trademark applications that cover a number of blockchain technologies. In these filings, descriptions are given for blockchain software, systems for next-generation digital identity, and infrastructure for issuing and selling digital assets. GIWA means “Tile” in Korean, which makes it sound like a basic technology that will allow a wider range of on-chain apps.
A Strategic Growth
Dunamu has mostly been a trade services provider through Upbit, but this possible move would be a big step toward growing strategically. It would then be up against other global markets that have already started their own private chains. This change would let Dunamu make money from things other than trading fees and help build a native community of decentralized apps and services.
It’s interesting that this news came out just one day before Dunamu’s yearly “Upbit D Conference” (UDC 2025) starts in Seoul on September 9. The meeting is a big event for the industry in South Korea. Which, in case, making it official during the event, can turn the Korean blockchain ecosystem more competitive
Dunamu’s possible move into blockchain development is more than just an addition to their current products; it’s a strategic move to create a complete, fully integrated crypto environment. If it goes live, the GIWA network could quickly become popular by using Upbit’s huge user base. This would create a powerful new platform for coders in South Korea and around the world, positioning Dunamu in a spotlight in Korea, as well as global player.
Also Read: Dunamu, MB Bank to Launch Vietnam’s First Crypto Exchange
