KOSDAQ-listed DeepMind has officially announced its transformation into a full-scale digital asset platform company, drawing comparisons to the U.S.-based 21.co (formerly 21 Capital). The firm recently launched its own stablecoin, KRDT, and unveiled plans to acquire domestic and global cryptocurrency exchanges by leveraging a massive bond issuance.
Originally affiliated with BitMax, DeepMind (now rebranded as Satoshi Holdings) is accelerating its pivot into the virtual asset sector. At the center of this transition is KRDT, a stablecoin issued on multiple blockchain networks including Ethereum, BNB Smart Chain, and Base. It is designed to be interoperable with major global stablecoins such as USDT, USDC, and USDe.
Unlike simple payment tokens, KRDT aims to serve broader roles in asset transfer and value storage. DeepMind has emphasized its multi-chain architecture and trademark registration to boost the coin’s scalability and usability—particularly for cross-border and global applications.
To finance its ambitions, the company recently issued ₩50 billion worth of convertible bonds and plans to raise the issuance ceiling to ₩1 trillion. These funds will be used to acquire crypto exchanges at home and abroad, as part of DeepMind’s strategy to build an integrated digital asset ecosystem encompassing stablecoins, exchanges, and crypto wallets.
This aggressive move echoes the strategy of 21.co, which has grown into a global asset management powerhouse by combining investment products with direct crypto infrastructure. DeepMind has openly stated its aspiration to become “Korea’s 21 Capital,” signaling an ambition to expand beyond domestic borders.
Following the announcement, DeepMind’s stock price soared to its daily limit (+30%) on the KOSDAQ, reflecting high investor expectations.
