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LG CNS to Use Chainlink Infrastructure for Korean Digital Asset Work

LG CNS plans to use Chainlink’s cross-chain, data and orchestration tools to expand its platform work and develop solutions for South Korean institutions.

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A steel connector bridges two dark glass rails under warm studio light / TokenPost.ai
A steel connector bridges two dark glass rails under warm studio light / TokenPost.ai

Chainlink and South Korea’s LG CNS have formed a strategic partnership to develop digital asset services for Korean institutions, targeting a market valued at $68 billion.

LG CNS plans to use Chainlink’s cross-chain, data and orchestration infrastructure in its digital asset platform work. The company also plans to develop institutional solutions using Chainlink’s platform capabilities.

LG CNS previously explored tokenized-asset services with Securitize for Korean financial institutions.

LG CNS is part of LG Group, a South Korean business group with 63 affiliates and about 186 trillion won in assets. LG CNS is also the main contractor for Project Hangang, the Bank of Korea’s flagship digital currency project.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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