Canton Foundation and LG CNS today announced a strategic partnership to advance institutional adoption of the Canton Network in Korea and support the development of the technical ecosystem required for institutions to build and deploy on Canton Network.
Under the partnership, Canton Foundation and LG CNS will jointly pursue institutional opportunities in Korea, develop technical capabilities to support Canton implementations, and contribute to the development of a broader technical partner ecosystem for Canton Network.
The collaboration brings together LG CNS’s enterprise technology and implementation expertise and relationships across Korea’s financial sector with Canton’s growing global ecosystem of financial institutions, technology providers and market participants.
Since 2015, LG CNS has led Korea's blockchain-based financial business for more than a decade. Beginning with the issuance of blockchain-based electronic securities, the company has built infrastructure for the issuance, distribution, settlement, and trading of digital assets such as CBDC, tokenized deposit, security tokens, and stablecoins, as well as digital wallets and KYC (Know Your Customer) systems for financial institutions. LG CNS has also developed and operated core systems for major commercial banks, securities firms, credit card companies, and insurers for over 30 years. With both blockchain technology and financial system integration capabilities, LG CNS holds a differentiated competitive edge.
Hongkeun Kim, Executive Vice President and head of Digital Business Division at LG CNS, said: “Financial institutions are increasingly moving from exploring blockchain technology toward practical implementation. Through our partnership with Canton Foundation, we look forward to combining LG CNS’s technology and implementation capabilities with the Canton ecosystem to develop meaningful opportunities with institutions in Korea. We also look forward to contributing our experience to the development of a broader technical partner ecosystem that can support institutional adoption over the long term.”
The partnership will focus on three areas:
Institutional Market Development
Canton Foundation and LG CNS will jointly engage financial institutions and other market participants in Korea to identify relevant use cases and opportunities for Canton. The organizations will collaborate on market education, customer engagement, workshops and the development of potential institutional projects.
Technical Enablement and Implementation
The organizations will work together to develop technical capabilities and implementation approaches that can support financial institutions and enterprises exploring Canton, including technical enablement, architecture and implementation requirements.
Technical Partner Ecosystem
Canton Foundation is developing a broader technical partner framework to support institutional adoption of Canton Network. As part of the partnership, LG CNS will contribute its technical and implementation expertise to this initiative and develop capabilities aligned with the framework.
Thomas Chou, Head of APAC at Canton Foundation, said: “Korea is a critical market for institutional adoption of Canton in Asia. This partnership is about building the market together, combining Canton’s growing institutional ecosystem with LG CNS’s deep technology capabilities and relationships across the Korean financial sector. Together, we aim to help institutions move from identifying opportunities to implementation, while building the broader technical ecosystem needed to support adoption at scale.”
While Korea will be an initial focus of the collaboration, the organizations will also explore opportunities to apply their respective capabilities to support institutional adoption in other markets.
The partnership establishes a foundation for longer-term collaboration between Canton Foundation and LG CNS across institutional market development, technical enablement and ecosystem growth.
