It is no exaggeration to say that our collaboration with Chainalysis is essential for us to manage the increasing risk resulting from the illicit exploitation of the digital world.”
LINE Corp. is a global company serving 200 million users worldwide on the LINE app, supported by over 10,000 employees with offices across the globe, including in Japan. LINE Xenesis Corporation, is the subsidiary developing LINE’s cryptocurrency and blockchain-related businesses. LINE Xenesis Corporation aims to expand the token economy, pursue social responsibility as an ESG-conscious enterprise, and deliver the value of the blockchain, tailored to the specific needs of each customer. To provide a seamless user experience for customers to store, exchange and use the value on the blockchain, LINE Xenesis linked its blockchain service with the LINE apps, while providing stable, secure, and easy-to-use features that are tailored to all users, even those who are unfamiliar with blockchain technology. As a result, the company launched services including “LINEBITMAX”, the LINE BlockchainbasedNFT wallet “DOSIWallet”, and a unified NFT marketplace, “LINENFT”.
In the domain of anti-money laundering (AML), several countermeasures are taken by the industry to reduce financial crime risks that involve customer and product transaction risks, as well as macroeconomic changes. In particular, real-time transaction monitoring has become one of the critical measures to cope with financial crime threats and vulnerabilities. For this reason, LINE Xenesis began selecting solutions for transaction monitoring capabilities.