Aton Partners with Dunamu Subsidiary 'Lambda256'... "Signal for Entry into Digital Virtual Asset Business"

[Asia Economy Reporter Hyunseok Yoo] Fintech security company Aton announced on the 21st that it has signed a comprehensive business cooperation agreement (MOU) with Dunamu affiliate Lambda256 for digital virtual assets and blockchain business.

The signing ceremony was held online considering social distancing due to the spread of COVID-19, with Aton CEO Jongseo Kim and Lambda256 CEO Jaehyun Park in attendance.

Through this MOU, both companies will cooperate to expand regtech-based services such as travel rule solutions, KYC, and AML to help the domestic virtual asset industry develop in a more transparent and efficient manner, and share their technological capabilities and business networks to support companies in easily advancing digital asset businesses.

Lambda256 has entrusted Aton with the domestic market distribution of the travel rule solution ‘VerifyVASP,’ and Aton will establish a stable supply chain to provide the solution and technical support. Utilizing ‘Luniverse,’ a cloud-based blockchain service platform, the two companies will provide one-stop support from technical consulting to service launch, enabling companies without the relevant technology to quickly and easily pursue virtual asset-related businesses as well as various projects such as NFT and DID.

Aton CEO Jongseo Kim stated, “Through this cooperation with Lambda256, we will contribute to the growth of the virtual asset industry into a more transparent and stable industry by supplying travel rule solutions that strengthen anti-money laundering systems and promoting BaaS platform cooperation projects that can activate digital asset businesses.”

Meanwhile, Aton established its subsidiary ‘TrackChain’ at the end of last year to secure expertise in the virtual asset and blockchain fields. The company appointed its Chief Strategy Officer as the representative.