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LG CNS launches KITL digital asset infrastructure platform, to work with Circle and others

LG CNS launched a blockchain infrastructure platform called KITL that it said provides the infrastructure needed to build digital asset services such as stablecoins, tokenised securities and real-world assets. The company said KITL offers four functions: electronic wallets, transaction processing, fee payment on behalf of users and collection of transaction histories. LG CNS also said it built a global partner ecosystem by signing MOUs with five blockchain-related firms including Circle, Securitize, the Canton Foundation, Chainalysis and Chainlink.