Kirifuda and Pacific Meta Back Elliptic Japan

Elliptic, a provider of blockchain analysis and cryptocurrency compliance solutions, Kirifuda Co., Ltd., a provider of on-chain analysis and AML support services called “Blockchain Intelligence”, and Pacific Meta Co., Ltd., a blockchain implementation consulting firm, are pleased to announce that the three companies have begun a collaborative effort to support the introduction and deployment of Elliptic in the Japanese market.

In this initiative, Kirifuda will act as an introduction partner for Elliptic, leveraging its on-chain analysis expertise cultivated through its intelligence business, while Pacific Meta will utilize its expertise gained from supporting the Japanese market entry of overseas products to support the domestic introduction of Elliptic’s blockchain analysis platform to a wide range of domestic businesses, including cryptocurrency exchanges, wallet operators, stablecoin issuers, asset management companies, banks, securities companies, and government agencies.

Background: On-chain financial services and the increasing sophistication of regulatory compliance.

The tokenization of cryptocurrencies, stablecoins, and RWAs (real assets) is progressing, accelerating the “on-chain financial transformation” where transactions, settlements, and asset transfers are recorded and made public on the blockchain. Consequently, a wide range of entities, including not only cryptocurrency exchanges but also wallet providers, stablecoin issuers, asset management companies, banks, securities companies, and government agencies, are urgently needing to develop AML (anti-money laundering) systems and enhance decision-making based on on-chain data.

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On the other hand, there are still only a limited number of businesses that are well-versed in the Japanese market and possess both expertise and practical experience in on-chain analysis. In this environment, by supporting the domestic introduction of Elliptic, which has a world-class blockchain analysis platform, Kirifuda and Pacific Meta, both rooted in the Japanese market, we will effectively advance regulatory compliance and risk management for domestic businesses.

SOURCE: PRTimes