Chainlink Expands LG Tech Arm Tie-Up Into Formal Partnership on Korean Stablecoins
By Unchained
AI summary of the source article
Chainlink and LG CNS announced a strategic partnership on Oct. 22 to integrate Chainlink's platform into institutional digital asset systems, expand Korean stablecoins, and develop technical standards.
Why it matters
The partnership aims "to accelerate the growth of Korea’s tokenized securities market by enabling secure interoperability and real-world data" and "establishes the foundation for compliant digital asset infrastructure in Korea."
Key facts
- Chainlink and LG CNS formed a partnership on Oct. 22 to integrate Chainlink tools into institutional digital asset platforms.
- The companies will collaborate to expand Korean stablecoins and develop technical standards for regulated digital assets in South Korea.
- LG CNS is the lead contractor on the Bank of Korea's digital currency initiative, Project Hangang, which involved about 80,000 customers across seven banks.
Source excerpt · Unchained
The deal, which follows an Oct. 6 memorandum on LG CNS's KITL platform, brings Chainlink's full stack to LG CNS, the lead contractor on the Bank of Korea's Project Hangang. The post Chainlink Expands LG Tech Arm Tie-Up Into Formal Partnership on Korean Stablecoins appeared first on Unchained .