Mysten Labs sees DeFi cooperation with Samsung Wallet beyond stablecoins; Google Cloud partnership yields transaction verification tool; TPS hits 40 million
"Our initial collaboration with Samsung Wallet is focused on stablecoins, but we plan to expand the partnership into decentralized finance and other areas going forward. We expect the service, which will launch with a focus on North America, to eventually reach 20 to 30 countries."
Adeniyi Abiodun, co-founder and chief product officer of Mysten Labs — the company behind the blockchain platform Sui — made the remarks Monday at a press conference held at a hotel in Gangnam-gu, Seoul, under the theme "Sui 2026: On-Chain Finance and AI Agent Infrastructure." He said the company intends to focus on supporting Samsung's consumer experiences and services as a layer-1 blockchain.
Samsung Electronics adopted Sui as the blockchain infrastructure for Samsung Wallet's stablecoin remittance service. Galaxy device users in North America will be able to send the dollar-backed stablecoin USDC from Samsung Wallet to external wallets or exchanges later this month. Mysten Labs plans to broaden its collaboration with Samsung Electronics further down the line.
At the event, Mysten Labs unveiled its on-chain financial infrastructure strategy, aimed at improving access to on-chain finance for institutions and applications while enabling autonomous transactions by AI agents. The core of the strategy is allowing financial institutions to access multiple blockchain-based financial products through a single integration, and letting AI agents execute transactions within preset permissions and limits.
Abiodun said he expects a significant portion of traditional financial transactions to disappear within five years, predicting the arrival of an era in which people request financial transactions through natural language. He said the user experience will change dramatically if AI can grasp a financial consumer's intent and execute transactions accordingly.
"Sui now has between 230 million and 240 million on-chain accounts," he said, adding that the platform is growing rapidly with about 17 billion transactions processed. He added that the company is working to build a financial ecosystem generating more than $5 trillion in value through AI agents, and that a range of functions — from wallets and risk detection to stablecoin management — can all be performed within Sui.
Mysten Labs is also strengthening its security technology to counter AI-driven hacking threats, which have become a major topic of discussion in South Korea. Its Sui Threat Intelligence tool automatically detects and verifies malicious transactions attempted by AI agents or humans, and halts a transaction if a risk is confirmed. The software is set to be applied to the Sui network soon.
Abiodun said recent hacking threats present two distinct risks: the speed at which AI agents can attempt attacks — far faster than humans — and the threat that quantum computing poses to the security of existing blockchains such as Bitcoin. Mysten Labs is developing security technology to defend against quantum computing attacks, with plans to deploy it on the mainnet next month to guard against sophisticated, state-level hacking attempts.
Mysten Labs also unveiled a transaction verification tool designed for next-generation AI agent finance. The company partnered with Google Cloud to launch the Verifiable Agent Arbiter, a system that verifies whether an AI agent has complied with the permissions and limits set by a user when conducting banking or financial transactions. The company has also partnered with Alibaba Cloud to allow AI agents to access services and make payments.
Abiodun also highlighted the platform's capacity to handle large transaction volumes. "Sui recently recorded a transactions-per-second throughput of 40 million, surpassing the previous record of 6 million," he said, noting the figure was achieved on a live public network, not a testnet. "Existing financial payment networks were built on the assumption that humans conduct transactions, but an era in which AI agents execute large volumes of microtransactions will require far greater processing capacity," he added.
South Korea is among the markets Sui considers strategically important. "Korea is a market Sui has paid close attention to from the outset and a country that is very important to our growth strategy," Abiodun said. "Korea has a forward-looking financial environment backed by highly advanced technology."
He added that Mysten Labs is in discussions with other South Korean companies about partnerships, and expressed confidence that the stablecoin market in Korea will grow rapidly once regulations in that space are established.
kyoung@heraldcorp.com
