Yesterday Korea’s LG CNS announced five memoranda of understanding with digital asset firms Circle, the Canton Foundation, Chainalysis, Chainlink and Securitize. The deals accompanied the unveiling of its digital asset platform KITL (Keystone of Institutional Trust Landscape), which it is positioning for payments, security token offerings (STOs), and real world asset (RWA) tokenization. It claims its wallet has a novel approach to private key management, explored later.
With USDC stablecoin issuer Circle it aims to collaborate on solutions adapted for the domestic environment, on both technology and regulatory fronts. Korea has yet to finalize its stablecoin regulations. With Securitize, LG CNS intends to help institutions tokenize financial instruments such as bonds and funds. Securitize added that the companies will explore connecting the Korean market to global markets.
Separately, LG CNS aims to help financial institutions connect to the Canton Network, although all distributed ledger networks have to be supported by the Korea Security Depositary (KSD), which monitors security token issuances across all blockchains. There are limits to the number of blockchains that KSD can onboard by the time legislation comes into force in February 2027. Chainlink will help feed data onto blockchains and Chainalysis will provide blockchain analytics.
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