TrackChain-GroundX, Clip Wallet Whitelisting Business Agreement

[Asia Economy Reporter Hyungsoo Park] Aton announced on the 20th that its blockchain-specialized subsidiary TrackChain has signed a memorandum of understanding (MOU) with Ground X, Kakao's blockchain technology affiliate.

TrackChain and Ground X have agreed to collaborate on developing a solution that allows virtual asset operators to easily implement whitelisting when linking the digital asset wallet ‘Klip’ and efficiently comply with the Travel Rule. Klip is a digital asset wallet based on the Klaytn blockchain platform developed by Ground X. TrackChain, with technical support from Ground X, has completed the development of the ‘Klip’ wallet whitelisting solution and plans to launch it by the end of this month.

TrackChain, a subsidiary of fintech security company Aton, is currently providing the Travel Rule solution ‘VerifyVASP’ to about 20 virtual asset exchanges along with technical support. By offering the whitelisting solution, it is expanding its presence in the digital virtual asset sector.

A TrackChain official stated, "Recently, while cooperating with various virtual asset operators on applying the Travel Rule to comply with the Special Act on Reporting and Using Specified Financial Transaction Information, there have been many requests for ways to safely and conveniently connect personal wallets." He added, "Based on experience in planning processes for financial sector authentication and PASS certificate services, we were able to successfully implement the ‘Klip’ wallet whitelisting solution in collaboration with Ground X."

This content was produced with the assistance of AI translation services.