Satoshi Holdings Begins Testing 'Decentralized Coin Exchange' Based on Upbit's GIWA CHAIN... Expanding the Ecosystem

On September 30, Satoshi Holdings announced that it has begun test operations of a next-generation decentralized exchange (DEX) based on GIWA CHAIN, developed by Upbit.

This project is regarded as a strategic move that goes beyond simply launching an exchange service, aiming to establish a close connection with Upbit through the GIWA CHAIN platform.

The new exchange aims to achieve transaction speeds comparable to centralized exchanges by utilizing GIWA CHAIN’s high-speed consensus algorithm.

In addition, by enabling native integration with major blockchains such as Ethereum, Binance Smart Chain, and Solana, the platform intends to lower barriers to cross-chain asset swaps and plans to expand its ecosystem by integrating with GIWA Wallet in the future.

Satoshi Holdings plans to jointly operate the new exchange with DGP, a KOSDAQ-listed company it is currently acquiring, and support thousands of coins not traded on Upbit through GIWA Wallet. The exchange is currently offering test services through its official website.

This move coincides with Naver’s acquisition of Dunamu, the operator of Upbit, and Upbit’s announcement at the September Developer Conference (UDC) of plans to introduce real-name verification (KYC) for the GIWA Wallet.

Furthermore, once GIWA Wallet integration is complete, more than 10 million Upbit users will be able to connect directly with the new exchange, which is expected to accelerate user acquisition at a pace unmatched by existing DEX platforms.

An industry insider commented, “The integration of GIWA Wallet and Upbit accounts will enable seamless asset transfers, wallet authentication, and the expansion of RWA and STO financial services. Based on this, the platform is expected to secure strong competitiveness in both domestic and global DeFi markets.”

A Satoshi Holdings representative stated, “This DEX will establish itself as a new hub for the domestic DeFi market through the strategic integration of GIWA CHAIN and GIWA Wallet, serving as a bridgehead for global expansion. We also plan to strengthen our collaboration with DGP and sequentially introduce RWA and STO-linked services.”

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