KT Takes Aim at Blockchain with Token Factory and Stablecoin Service

South Korean telecommunications giant KT has announced plans to launch two new blockchain-based growth businesses: a 'Token Factory' and a 'Stablecoin' service. The initiative represents a strategic pivot for the company as it seeks to transform into an 'AX Platform Company', according to CEO Park Yoon-young.

KT intends to combine its proprietary network and security infrastructure across the entire digital asset value chain, including token issuance, custody, settlement, network transmission, and integration into real-world ecosystems. By leveraging its existing capabilities, the company aims to create a vertically integrated offering that differentiates it from competitors in both the telecom and financial technology sectors.

The investment plan totals approximately $8.7 billion over three years, with funds directed toward information security, IT infrastructure, and network expansion. This investment is central to KT's broader strategy of moving beyond traditional telecommunications into higher-margin digital platform services.