[Bitcoin Now] CEO Oh Kyungseok: "Finance-Friendly Blockchain 'KIWA'... Building the Future Digital Financial Infrastructure"

"Beyond Korea to the Global Stage"
Dunamu Unveils Blueprint for Future Financial Infrastructure
Dunamu Hosts Korea's Leading Blockchain Event, 'Upbit D Conference'

Dunamu has unveiled its finance-friendly blockchain, GIWA, and is embarking on building the infrastructure for the future of digital finance.

During the opening keynote speech at the Upbit D Conference (UDC) 2025 held on September 9, Dunamu CEO Oh Kyungseok introduced the GIWA project, stating, "In an era where we design trust, not just money, Dunamu is preparing a blockchain optimized for finance." UDC 2025 is Korea's leading blockchain conference hosted by Dunamu, now in its eighth year.

GIWA is a blockchain that meets financial regulatory requirements such as Know Your Customer (KYC) and Anti-Money Laundering (AML). Leveraging the operational experience of running the Upbit virtual asset exchange and expertise in staking infrastructure, GIWA can be operated stably. CEO Oh Kyungseok said, "Through the GIWA chain, we will be able to reliably support the issuance and distribution of stablecoins in Korea."

Dunamu also plans to introduce the 'GIWA Wallet,' which will be integrated with the GIWA chain. He explained, "The GIWA Wallet will allow users to easily access both Web2 and Web3 services," and added, "From a developer's perspective, it provides tools that are friendly for dApp development." He emphasized, "When KYC is required, information can be conveniently utilized by linking with Upbit users."

He also stated that the company is actively working to expand the K-Blockchain ecosystem. A representative example is the global travel rule solution, VerifyVASP. VerifyVASP is a network that complies with the Travel Rule of the Financial Action Task Force (FATF).

He said, "We have a solution that allows virtual asset service providers to process deposits and withdrawals only for verified accounts when transferring digital assets." He emphasized, "This solution has expanded to 30 countries, connected 150 VASPs, verified a cumulative total of 18 million deposit and withdrawal transactions, and processed a total transaction volume of 400 billion dollars."

The recently launched institutional investor-only custody service, Upbit Custody, is another example. He said, "From a security perspective, we store 100% of customer assets in cold wallets to block threats such as hacking," and added, "By introducing a multi-management system, we have fundamentally eliminated the risk of accidents caused by a single key leak." He further explained, "We provide a customizable wallet configuration that allows assets to be managed separately according to type and usage, and have implemented AI-based AML and an 'Abnormal Authentication Attempt Blocking System' (FDS) to prevent suspicious transactions and security threats."

Finally, CEO Oh stated, "If we leverage our strengths in the blockchain revolution, I believe we can expand beyond Korea to the global stage," and added, "We will build K-Finance that goes beyond Asia and into the global market."