Dunamu Quietly Files for GIWA Blockchain Trademarks, Sparks Speculation

Dunamu, the operator of South Korea’s leading cryptocurrency exchange Upbit, is rumored to be developing a new blockchain project named GIWA, based on recent trademark filings. The filings, which cover blockchain software, digital asset infrastructure, and related technologies, suggest the company is working on a branded blockchain platform or ecosystem. The trademarks include stylized logos associated with the GIWA name, hinting at a potential branded blockchain network or application suite. Although Dunamu has not officially confirmed these developments, industry observers speculate that the project may focus on layer 1 or layer 2 blockchain solutions to support digital assets or on-chain identity systems [1].

The rumored launch of GIWA appears to align with Dunamu's broader strategic goals, particularly as the company prepares for its annual UDC 2025 (Upbit D Conference) on September 9 in Seoul. The conference, themed "Blockchain, to the Mainstream," aims to highlight the integration of blockchain into traditional industries and explore its potential in finance and other sectors. Dunamu's newly appointed CEO, Ok Kyung-seok, will open the event with a speech outlining the company's future vision, signaling a renewed focus on innovation and global expansion [3].

The UDC 2025 lineup includes prominent figures from the blockchain and finance sectors, such as Marco Dal Lago from Tether, who will present on the future of stablecoins, and Eric Trump, Executive Vice President of the Trump Organization, who will participate in a panel discussion on digital assets. These sessions underscore the conference’s aim to position blockchain as a key player in global financial systems. The event is expected to attract a mix of institutional investors, technology developers, and regulatory experts, offering a platform to discuss the future trajectory of blockchain technology [3].

While GIWA remains unconfirmed, the trademark filings and the timing of UDC 2025 suggest Dunamu is preparing to expand beyond its core exchange operations. The company has previously demonstrated a commitment to blockchain innovation through initiatives like its Upbit API and Developer Center, led by Jooyoung Choi. With the GIWA project, Dunamu could aim to build a decentralized infrastructure that enhances interoperability, scalability, or data privacy for digital assets. This move could further consolidate its position in the global blockchain ecosystem [1].

In addition to its business and technology initiatives, Dunamu has recently engaged in social responsibility efforts. The company recently donated 1 million bottles of water to Gangneung, a city in Gangwon Province, which has been experiencing a severe drought. The 500 million won ($361,000) donation is the largest single contribution to Gangneung from any public or private entity, according to city officials. The shipment, arranged through the Korean Red Cross, was delivered on September 1 and will be distributed according to the city’s emergency response plan [4].

Source:

[1] Upbit launches GIWA chain blockchain announcement (https://cryptobriefing.com/upbit-launches-giwa-chain-blockchain-announcement/)

[2] Speakers | UDC Official (https://udc.dunamu.com/m/en/udc2025/speaker)

[3] Dunamu Unveils Speakers and Programs for UDC 2025 (https://www.eblockmedia.com/news/articleView.html?idxno=27150)

[4] Dunamu delivers water for drought-stricken Gangneung (https://www.koreaherald.com/article/10570026)