Singapore, July 26, 2023 – Crypto.com, trusted by more than 80 million customers worldwide and the industry leader in regulatory compliance, security and privacy, and LINE Xenesis Corporation (LINE Xenesis) have announced a Memorandum of Understanding (MoU) to advance the latest cryptocurrency business solutions developed by Crypto.com through the LINE user network and collectively advance crypto technology across Asia Pacific and beyond. LINE Xenesis is the crypto asset and blockchain-related business developer of LINE, the global messenger app with approximately 200 million monthly active users.
The initial focus on the collaboration will be to enhance LINE Xenesis’ licensed crypto offerings within Japan, while also setting a foundation for Crypto.com and LINE Xenesis to establish a collaborative forefront of crypto innovation that drives influence across the broader Asia Pacific and global crypto industry. In time, both parties will further explore additional crypto and blockchain technology business solutions, including strengthening cryptocurrency payment capabilities and NFT integrations, as well as engaging LINE Xenesis’ regional and global affiliate network with tailored Crypto.com technology, platform and product development capabilities.
“We are excited to partner with such an established and innovative brand in the APAC market and a leader in blockchain technology development in Japan,” said Eric Anziani, President and Chief Operating Officer at Crypto.com. “Enabling real-world utility is critical to our mission of mainstreaming crypto. Through our collaboration with LINE Xenesis, we will facilitate this utility by leveraging our respective expertise with a highly tech savvy base throughout the APAC region.”
“APAC and Japan are significant potential growth markets for crypto with high levels of interest and adoption already in place,” said Patrick Yoon, General Manager of Crypto.com Korea. “By bringing Crypto.com and LINE Xenesis together, we will collectively uncover even greater opportunity and impact.”
“LINE Xenesis is exploring various ways to collaborate with the world’s leading companies in the virtual asset industry,” said Lim Inkyu, President and CEO of LINE Xenesis. “We are excited to see the synergies created by our partnership with Crypto.com, which has more than 80 million enthusiastic users worldwide, with LINE Xenesis’ blockchain business in Japan. Starting with this collaboration in the Japanese market, we hope to work towards new business opportunities globally based on the technology and knowledge of our two companies.”
Founded in 2016, Crypto.com is trusted by more than 80 million customers worldwide and is the industry leader in regulatory compliance, security and privacy. Our vision is simple: Cryptocurrency in Every Wallet™. Crypto.com is committed to accelerating the adoption of cryptocurrency through innovation and empowering the next generation of builders, creators, and entrepreneurs to develop a fairer and more equitable digital ecosystem.
Learn more at https://crypto.com.
About LINE Xenesis
LINE Xenesis, a subsidiary of LINE Corp., provides blockchain-related services in Japan. Aiming to bring blockchain services closer to all, it provides LINE BITMAX and DOSI Wallet for digital asset trading and management, LINE NFT, and more.