LG CNS, the IT services arm of South Korea's LG Group, is partnering with Chainlink to develop digital asset infrastructure for local banks and financial institutions, the companies said Thursday. The collaboration will focus on stablecoins, tokenized securities, and interoperability between blockchain networks.
Integrating Chainlink Technology
Under the partnership, LG CNS will incorporate Chainlink's oracle and cross-chain technology into its digital asset platform solutions for Korean institutions. The companies also plan to support the adoption and distribution of Korean stablecoins in a market with more than 11 million eligible users.
South Korea's Growing Crypto Market
South Korea is one of the world's most active digital asset markets, with technical and regulatory initiatives advancing. According to Chainalysis, the country's crypto economy grew about 12% to $449 billion between July 2025 and June 2026, outpacing other East Asian markets.
LG CNS supports financial institutions in building blockchain-based digital asset services that integrate with existing financial infrastructure. The company is the lead contractor for Project Hangang, a Bank of Korea initiative focused on digital currency systems and bank participation.
Executive Comments
"By combining LG CNS's institutional expertise with Chainlink's technology standards, this partnership establishes the foundation for compliant digital asset infrastructure in Korea," said Johann Eid, Chief Business Officer at Chainlink Labs. "Together, LG and Chainlink are providing Korean institutions with a secure and reliable foundation for moving tokenized money across systems and networks."
"Korea's financial infrastructure is entering the tokenization era. LG CNS is committed to leading this transition, and together with Chainlink, we aim to accelerate the growth of Korea's tokenized securities market by enabling secure interoperability and real-world data, while creating a foundation for global expansion," said Hongkeun Kim, Executive Vice President and Head of the Digital Business Division at LG CNS.
Standards and Prior Work
Chainlink and LG CNS will work on technical standards for South Korea's digital asset market, which could help financial institutions build systems that can support regulated digital assets and work across different networks.
LG CNS has developed blockchain-based financial infrastructure since 2015 and recently introduced KITL, a platform for institutional digital asset use cases. The company has also partnered with the Canton Foundation to promote institutional adoption of the Canton Network in South Korea, including work with local banks and financial institutions.
