Exchanges· ★★★· bullish·

LG CNS Launches KITL Blockchain Infrastructure for Institutional Digital Assets

  • —KITL combines four functions: e-wallets, transaction processing, commission payments and transaction-detail collection
  • —Private keys are generated inside hardware security modules and discarded after signing
  • —The wallet technology was tested in the Bank of Korea's Project Han River with 81,000 wallets and 1.64 billion won in deposit tokens
  • —Partners include Circle, Securitize, Canton Foundation, Chainalysis and Chainlink
Why it matters: A major IT contractor is giving banks ready-made infrastructure for stablecoins and tokenized assets, accelerating institutional adoption in Korea.
Source: CoinTrust
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