LG CNS Launches KITL Blockchain Platform for Institutional Digital Assets

MT Newswires Live
Oct 06

LG CNS (KRX:064400) has launched KITL, a blockchain infrastructure platform enabling banks, securities firms, and payment companies to build digital asset services.

KITL offers four core functions: electronic wallets, transaction processing, fee payment, and transaction history collection, according to a statement on Tuesday.

Its wallet technology, which generates and discards private keys only when needed, was verified through the Bank of Korea's "Project Hangang" with seven banks and about 80,000 customers making real payments.

LG CNS has also signed agreements with five global blockchain companies, including Circle, to strengthen tokenization and regulatory compliance capabilities.

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