LG has launched the KITL blockchain infrastructure for banks, brokers, and payment companies. The platform enables the creation of services for stablecoins, tokenized securities, and RWA across multiple networks, including Ethereum and Solana.

Circle, Securitize, and Chainlink join the project

KITL's partners include Circle, Securitize, Chainalysis, Chainlink, and the Canton Foundation. Together with Securitize, the company will work on tokenizing funds, bonds, and other financial assets.

KITL targets 24/7 operations and settlements

The infrastructure is expected to support round-the-clock operations and settlements with tokenized assets and stablecoins.

LG CNS technologies tested with 7 banks

LG CNS technologies have already been tested in a Bank of Korea project involving seven banks and about 80,000 clients who conducted real payments, according to the press release.