[Featured Stock] ITCEN Highlights Joint Development History Amid Samsung SDS Emerging as a Strong Candidate for BOK CBDC Project

[Asia Economy Reporter Minwoo Lee] ITCEN's stock price is on the rise. This appears to be due to the spotlight on its collaboration history with Samsung SDS, which is strongly considered a leading candidate for the Central Bank Digital Currency (CBDC) project to be issued by the Bank of Korea.

As of 10:04 AM on the 4th, ITCEN's stock price recorded 6,290 KRW, up 5.71% from the previous day. This is likely because it is classified as a beneficiary stock of the Bank of Korea's CBDC issuance.

The Bank of Korea has started a public bidding process to select a research service provider ahead of experiments on the basic functions of the CBDC scheduled for August. It is known that Samsung SDS was in charge of advising on the Request for Proposal (RFP) released for this purpose. Therefore, the industry is speculating that Samsung SDS is a strong candidate for the CBDC project selection.

Previously, in June of last year, ITCEN was selected as the preferred project recipient in the government's blockchain-based mobile public official ID project technology presentation evaluation. At that time, ITCEN decided to build a blockchain-based mobile public official ID based on Samsung SDS's self-developed enterprise blockchain platform ‘Nexledger Universal (Nexledger)’.

This content was produced with the assistance of AI translation services.