Singapore-based cryptocurrency exchange company has partnered with LINE’s crypto asset and blockchain-related business developer LINE Xenesis Corporation (LINE Xenesis) to drive crypto adoption in Asia Pacific (APAC). said in a statement on Wednesday that both parties have signed a Memorandum of Understanding (MoU) to advance the latest cryptocurrency business solutions developed by through the LINE user network and collectively advance crypto technology across Asia Pacific and beyond.

According to the statement, the initial focus on the collaboration will be to enhance LINE Xenesis’ licensed crypto offerings within Japan, while also setting a foundation for 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 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

“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,” he said.

Founded in 2016, is used by more than 80 million customers worldwide and is the industry leader in regulatory compliance, security and privacy.

The firm 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.

“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 Korea.

By bringing and LINE Xenesis together, he said they will collectively uncover even greater opportunity and impact.

LINE Xenesis President and Chief Executive Officer Lim Inkyu also said the firm is exploring various ways to collaborate with the world’s leading companies in the virtual asset industry.

“We are excited to see the synergies created by our partnership with, 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,” he added.

LINE Xenesis, a subsidiary of LINE Corp., the global messenger app with approximately 200 million monthly active users, provides blockchain-related services in Japan.

Aiming to bring blockchain services closer to all, the firm provides LINE BITMAX and DOSI Wallet for digital asset trading and management, LINE NFT, and more. obtains license to offer digital payment token services in Singapore