LG CNS supports financial institutions in building blockchain-based digital asset services that integrate with existing financial infrastructure. The company is the lead contractor for Project Hangang, a Bank of Korea initiative focused on digital currency systems and bank participation.
“By combining LG CNS’s institutional expertise with Chainlink’s technology standards, this partnership establishes the foundation for compliant digital asset infrastructure in Korea,” Johann Eid, Chief Business Officer at Chainlink Labs, said. “Together, LG and Chainlink are providing Korean institutions with a secure and reliable foundation for moving tokenized money across systems and networks.”
Chainlink and LG CNS will work on technical standards for South Korea’s digital asset market, which could help financial institutions build systems that can support regulated digital assets and work across different networks.
“Korea’s financial infrastructure is entering the tokenization era. LG CNS is committed to leading this transition, and together with Chainlink, we aim to accelerate the growth of Korea’s tokenized securities market by enabling secure interoperability and real-world data, while creating a foundation for global expansion,” Hongkeun Kim, Executive Vice President and Head of the Digital Business Division at LG CNS, said.
LG CNS has developed blockchain-based financial infrastructure since 2015 and recently introduced KITL, a platform for institutional digital asset use cases.
The company has also partnered with the Canton Foundation to promote institutional adoption of the Canton Network in South Korea, including work with local banks and financial institutions.
