Chainlink and LG CNS partner to build South Korean stablecoin and tokenization infrastructure
LG CNS has partnered with Chainlink to integrate cross-chain and oracle tools into institutional digital asset systems, targeting South Korea's stablecoin and tokenized securities markets.
Chainlink and LG CNS, the technology arm of South Korea's LG Group, announced a strategic partnership on Oct. 22 to build compliant digital asset infrastructure for institutional clients. LG CNS will integrate Chainlink's cross-chain, data, and orchestration infrastructure into its digital asset platform, while the two firms collaborate on advancing technical, oracle, and interoperability standards for regulated digital assets across the country.[1][3][5]
The initiative targets South Korea's roughly $68 billion crypto market, where more than 11 million users are eligible to trade digital assets and the Korean won frequently ranks second only to the U.S. dollar in global crypto trading volume. The joint effort will focus particularly on widening the distribution and use of Korean won-pegged stablecoins as well as expanding tokenized securities.[1][4][7]
The formal pact expands on an agreement from Oct. 6, when LG CNS launched its KITL blockchain platform and signed memorandums of understanding with Chainlink, Circle, Securitize, the Canton Foundation, and Chainalysis. LG CNS also serves as the lead contractor for Project Hangang, the Bank of Korea's digital currency project whose initial pilot involved about 80,000 customers across seven banks. Financial terms and a specific deployment timeline for the integration were not disclosed.[1][3]
Key facts
- LG CNS and Chainlink announced a strategic partnership on Oct. 22 to build regulated digital asset infrastructure in South Korea.
- LG CNS will incorporate Chainlink's oracle, data, cross-chain, and orchestration tools into its institutional digital asset systems.
- The collaboration focuses on expanding Korean won stablecoins, developing tokenized securities, and creating technical standards for regulated assets.
- The companies valued South Korea's digital asset market at $68 billion, noting more than 11 million citizens eligible to trade crypto.
- LG CNS is the lead contractor for the Bank of Korea's Project Hangang central bank digital currency pilot, which tested with around 80,000 customers across seven banks.
- The agreement follows LG CNS's Oct. 6 unveiling of its KITL blockchain platform and MOUs signed with Chainlink, Circle, Securitize, Chainalysis, and the Canton Foundation.
Sources · 7 sources
- UN
UnchainedArticle ·
Chainlink Expands LG Tech Arm Tie-Up Into Formal Partnership on Korean Stablecoins Chainlink and LG CNS , the technology arm of South Korea’s LG Group, announced a strategic partnership on Oct. 22, widening a relationship the two companies set up just over two weeks earlier. On Oct. 6, LG CNS unveiled KITL , a blockchain infrastructure platform, and signed memorandums of understanding with five blockchain firms: Circle, Securitize, the Canton Foundation, Chainalysis and Chainlink. LG CNS said it would work on pairing KITL with Chainlink’s services, Korean daily Financial News reported , describing Chainlink as a supplier of outside information, including currency exchange rates and fund prices, to blockchains and as a bridge between separate chains. The Oct. 22 agreement lays out a more detailed scope. According to the release, LG CNS will bring the full Chainlink platform into the digital asset systems it builds for Korean institutions, the two will work to widen the use and distribution of Korean stablecoins , and they will jointly develop technical standards for the country’s digital asset sector. Get Unchained’s crypto news in your inbox with the free Unchained Daily newsletter . What the Deal Covers The companies listed three areas of work. Chainlink’s cross-chain, data and orchestration tools are meant to link blockchain networks with institutional systems on LG CNS’s platform. The pair will also work on oracle, interoperability and cross-chain standards for regulated digital assets in Korea, and on the broader technical rulebook for the market. Johann Eid, chief business officer at Chainlink Labs, said the partnership “establishes the foundation for compliant digital asset infrastructure in Korea.” Hongkeun Kim, executive vice president and head of the Digital Business Division at LG CNS, said “Korea’s financial infrastructure is entering the tokenization era.” He added that LG CNS and Chainlink aim “to accelerate the growth of Korea’s tokenized securities market by enabling secure interoperability and real-world data.” The Hangang Connection LG CNS is the lead contractor on Project Hangang , the Bank of Korea’s digital currency initiative. The release said the project’s first phase involved about 80,000 customers across seven Korean banks , and that LG CNS is looking to fold Chainlink’s oracle infrastructure into its platform. The companies put Korea’s digital asset market at $68 billion and said the country has more than 11 million users eligible to trade crypto. They also said the Korean won regularly ranks second only to the U.S. dollar by crypto trading volume. LG Group holds ₩186 trillion in assets across 63 affiliates, according to the release. The announcement did not include financial terms or a date for when Chainlink’s tools would go live on LG CNS’s platform. Related Listen: Guy Young on Why Ethena Launched a Neobank on Top of Its Stablecoin The post Chainlink Expands LG Tech Arm Tie-Up Into Formal Partnership on Korean Stablecoins appeared first on Unchained .
Open source - CO
Cointelegraph@CointelegraphPost on X ·
🔥 LATEST: Chainlink partners with LG Group’s tech arm LG CNS to build compliant digital asset infrastructure for Korea’s $68B market. https://t.co/xuXD1tnxaL
Open source - BS
BSCN@BSCNewsPost on X ·
LG Group’s tech arm brings Chainlink into Korea’s digital money push @chainlink and LG CNS, the technology arm of LG Group, announced a strategic partnership on Thursday. LG CNS will add Chainlink’s tools for moving data and assets across blockchains to its digital asset platform for Korean institutions; the two will also work together on Korean stablecoins and local technical standards. LG CNS is the lead contractor for the Bank of Korea’s Project Hangang, a digital currency pilot whose first phase involved about 80,000 customers across seven banks. LG Group holds ₩186 trillion (about $140B) in assets across 63 affiliates.
Open source - TB
The Block@TheBlockCoPost on X ·
THE BLOCK: Chainlink has partnered with LG CNS, the technology arm of South Korean conglomerate LG Group, to support infrastructure for Korea's $68 billion digital asset market. The partnership focuses on expanding the utility of Korean won stablecoins and integrating Chainlink's oracle, data, and cross-chain tools to bolster connectivity across blockchain networks and institutional systems. ethereum:0x514910771af9ca656af840dff83e8264ecf986ca
Open source - TB
The BlockArticle ·
Chainlink partners with LG CNS to drive Korean won stablecoin expansion LG CNS is set to integrate Chainlink's cross-chain, data, and orchestration infrastructure into its digital asset platform.
Open source - CB
Crypto Briefing@Crypto_BriefingPost on X ·
🚨 NEW: LG Group’s IT arm, LG CNS, is partnering with Chainlink to develop digital asset infrastructure for South Korean banks and financial institutions. The partnership will focus on stablecoins, tokenized securities, and interoperability across blockchain networks. https://t.co/Op1Yl1EOK1
Open source - CO
CoinDesk@CoinDeskPost on X ·
NEW: @Chainlink partners with LG CNS, the IT arm of South Korea’s LG Group, to build digital asset infrastructure for Korea’s $68B crypto market, focusing on Korean won stablecoins and tokenized securities. https://t.co/WX8idBjr50
Open source