Chainlink and LG CNS Partner on Korea’s Digital Asset…
By Rick Steves
AI summary of the source article
Chainlink and LG CNS have entered a strategic partnership to build regulated digital asset infrastructure in South Korea. The collaboration integrates Chainlink's oracle and interoperability tech with LG CNS's financial technology platform.
Why it matters
Chainlink Chief Business Officer Johann Eid stated the firms "aim to provide a foundation for Korean institutions to move tokenised money across systems and networks in a compliant manner."
Key facts
- Chainlink and LG CNS partnered to develop infrastructure and technical standards for regulated digital assets in South Korea.
- The collaboration covers oracle infrastructure for LG CNS's platform, technical standards, and solutions for Korean institutions.
- LG CNS is a technology contractor responsible for building, operating, and expanding the Bank of Korea's Project Hangang digital currency platform.
Source excerpt · FinanceFeeds
Chainlink and LG CNS have entered a strategic partnership to develop infrastructure for regulated digital assets in South Korea, combining Chainlink’s oracle and interoperability technology with LG CNS’s financial technology services and work on the Bank of Korea’s Project Hangang digital currency platform. The firms said the collaboration will also contribute to technical standards for the countr…