Chainlink Teams Up With LG CNS to Build Korea's Digital Asset Infrastructure

By Kevin · 2026-10-23 · News

Oct. 23 (CandyPulse) — South Korea is getting serious about digital assets, and Chainlink wants to help build the plumbing. On Oct. 22, Chainlink announced a partnership with LG CNS, the IT services arm of the LG Group, to develop digital asset infrastructure for Korean institutions.

Key takeaways

Chainlink and LG CNS will build digital asset infrastructure for Korean institutions
Chainlink's data, orchestration and Cross-Chain Interoperability Protocol (CCIP) will plug into LG CNS's KITL platform, launched Oct. 6
The focus: won-backed stablecoins and tokenized securities
LG CNS is lead contractor for the Bank of Korea's Project Hangang digital currency pilot
No financial terms, customers or launch timeline were disclosed

What the partnership covers

Area	What it means
Oracle infrastructure	Chainlink data and services for LG CNS's KITL digital asset platform
Technical standards	Joint work on Korea's digital asset technical standards
Institutional solutions	Tools built for Korean banks and financial firms
Use cases	Won-backed stablecoins and tokenized securities
Financial terms	Not disclosed

Why LG CNS matters

LG CNS is no newcomer. It leads Project Hangang, the Bank of Korea's digital currency pilot, whose first phase involved about 80,000 customers across seven Korean banks. That gives the partnership a direct line into Korea's banking system.

Coverage puts the opportunity at about $68 billion, with more than 11 million eligible users across Korea's digital asset market.

Why it matters

Korea is one of the world's most active crypto markets, and regulators are working on rules for won-backed stablecoins. Connecting those coins and tokenized securities to other blockchains is exactly what Chainlink's CCIP is built for. Read about Chainlink's CCIP 2.0 upgrade and Jeonbuk Bank's Bitcoin-backed loans in South Korea.

What's next

Watch for named bank customers, a launch timeline and progress on Korea's stablecoin rules. More on our Tokenization and Stablecoins pages.

Disclaimer: This article is for information only and is not financial advice. Crypto assets are volatile and can lose value. Always do your own research before making any investment decision.