Crypto HeadlinesLG Launches Blockchain Infrastructure KITL for Financial Institutions
LG Corporation has launched the KITL blockchain infrastructure, designed for banks, brokers, and payment companies. The solution enables the creation of services based on stablecoins, tokenized securities, and real-world assets (RWA) across various networks, including Ethereum and Solana.
Strategic partners of the project include Circle, Securitize, Chainalysis, Chainlink, and Canton Foundation. Together with Securitize, the company will focus on tokenizing funds, bonds, and other financial assets, ensuring round-the-clock operations and settlements.
LG CNS technologies have already successfully undergone testing in a Bank of Korea project. The pilot project involved 7 banks and approximately 80,000 clients making real payments.
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