{
  "id": 12291815,
  "title": "LG CNS unveils blockchain tech to help banks issue stablecoins, tokens",
  "url": "https://urgent.news/2026/10/06/lg-cns-unveils-blockchain-tech-to-help-banks-issue-stablecoins-tokens-12291815",
  "topic": "tech",
  "section": "Tech",
  "published": "2026-10-06T03:47:02.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times",
    "url": "https://www.koreatimes.co.kr/business/companies/20261006/lg-cns-unveils-blockchain-tech-to-help-banks-issue-stablecoins-tokens"
  },
  "original_language": "en",
  "account": "LG CNS has unveiled a new blockchain infrastructure platform aimed at assisting financial institutions in developing services for stablecoins, tokenized securities, and real-world assets. As the country's financial sector increasingly embraces digital assets, the platform - called KITL - was announced by the IT services giant on Tuesday.\n\nKITL offers four core functionalities: digital wallets, transaction processing, fee payment, and transaction data collection. These features are specifically designed to tackle infrastructure challenges that arise when financial entities handle assets on public blockchains, where transactions take place outside the direct control of banks, securities firms, and other service providers.\n\nOne notable feature of KITL is its digital wallet system. This system can generate private keys only when signatures are required, and then discard them afterward. By doing so, institutions can issue wallets at a large scale without the continuous need to expand hardware security module capacity, according to LG CNS. The technology was developed as part of the Bank of Korea's Project Hangang, where it was tested in a real transaction environment involving seven parties.",
  "summary": "LG CNS launched a blockchain infrastructure platform designed to help financial institutions build services around stablecoins, tokenized securities and real-world assets as Korea’s financial sector moves toward broader use of digital assets. The information technology services giant said Tuesday that its new platform, called KITL, provides four core functions: digital wallets, transaction…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Korea Times",
        "title": "LG CNS unveils blockchain tech to help banks issue stablecoins, tokens",
        "url": "https://urgent.news/2026/10/06/lg-cns-unveils-blockchain-tech-to-help-banks-issue-stablecoins-tokens",
        "published": "2026-10-06T03:12:03.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}