Tech giant LG CNS taps Chainlink to scale Korea’s tokenized finance and stablecoin markets

LG CNS, which has worked on blockchain-based financial infrastructure since 2015, launched its KITL institutional digital-asset platform earlier this month. LG CNS, LG Group’s South Korean IT-service arm, is teaming up with Chainlink to develop digital asset infrastructure for local banks and financial institutions. The move targets stablecoins, tokenized securities and interoperability between blockchain networks, the companies said Thursday. As part of the partnership, LG CNS will incorporate Chainlink’s oracle and cross-chain technology into its digital asset platform solutions for Korean institutions. The companies also plan to support the adoption and distribution of Korean stablecoins in a market with more than 11 million eligible users. South Korea is one of the world’s most active digital asset markets, with technical and regulatory initiatives advancing.

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