COINNEWSLG launches KITL blockchain infrastructure for fintech
LG Corporation has unveiled the KITL blockchain platform, designed to integrate financial services into distributed ledgers. The solution enables banks and brokers to develop services based on stablecoins and tokenized assets.
The infrastructure supports operation across multiple networks, including Ethereum and Solana. This ensures flexibility in creating products for real-world assets (RWA) and securities.
The project was implemented in partnership with leading technology companies: Circle, Securitize, Chainalysis, Chainlink, and Canton Foundation. Together with Securitize, LG will focus on tokenizing funds and bonds.
LG CNS technologies have already successfully passed trials within a pilot project of the Bank of Korea. Seven banks and approximately 80,000 clients participated in the testing.
During the experiment, users made real payments, confirming the viability of the solution for mass adoption. In the future, the platform will provide 24/7 settlements with digital assets.
