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KT Commits $13 Billion to AI, Adds Token Platform and Stablecoin Plans

KT Commits $13 Billion to AI, Adds Token Platform and Stablecoin Plans

South Korean telecommunications company KT has announced an 18 trillion won (about $13 billion) investment plan centred on artificial intelligence, with blockchain-based token and stablecoin services included in its long-term business plans.

Chief Executive Park Yoon-young unveiled the strategy during his first press conference since taking office, saying KT aims to become an “AX (AI Transformation) Platform Company.” The company plans to expand beyond telecommunications through investments in AI, cybersecurity, networks, and digital financial services.

The investment includes 12 trillion won over the next three years to improve information security, IT systems, and future network technologies such as 6G, satellite communications, and data center connectivity. Another 6 trillion won will be used to build AI data centres, expand undersea cable capacity, and develop AI services for businesses and consumers.

Blockchain becomes part of KT’s AI strategy

Alongside its AI plans, KT confirmed it will begin building a Token Factory platform and stablecoin business.

The Token Factory is designed to support token creation, brokerage, and billing using the company’s existing payment and settlement systems. KT also plans to develop stablecoin services by combining its telecommunications network with financial services provided by subsidiaries, including K Bank and BC Card.

Instead of treating blockchain as a separate business, KT said the technology will support digital payments, settlement, custody, and other financial services that work alongside its AI platform.

Why are companies building token platforms instead of cryptocurrencies?

Many companies are no longer trying to create their own cryptocurrencies. Instead, firms such as Ripple, Circle, and Fireblocks are building platforms and tools that help businesses issue, manage, and move digital assets. These systems can support loyalty rewards, digital vouchers, event tickets, tokenized assets, and other blockchain services without requiring every business to build its own blockchain technology.

Rather than focusing on a single digital token, the company wants to provide tools that businesses can use to create and manage their own tokens. As more banks, retailers, and technology companies test blockchain for everyday services, demand is growing for platforms that handle token creation and management instead of individual cryptocurrencies.

In another stablecoin development, Ripple’s U.S. dollar-backed stablecoin, RLUSD, launched in Japan following approval from the Japan Financial Services Agency (JFSA), marking a significant step in the company’s global stablecoin expansion strategy.

 

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