The startup intends on utilizing the funding and the expertise of the new partners, which include Tencent, Fidelity and Rakuten, to bring more visibility to its business.
The partnership will see Rakuten use CipherTrace’s technology in order to ensure compliance to anti-money laundering laws and to better protect consumers.
Traders with a Rakuten ID and a bank account associated with their account are now invited to begin signing up for the service, which will combine crypto exchange and wallet functionality.
Japanese retail giant Rakuten has been awarded a license to operate a cryptocurrency exchange, after relaunching its exchange service as Rakuten Wallet.
One of the key topics at the Japan Blockchain Conference in Yokohama is the use of blockchain in various industries and enterprises. Japanese ecommerce giant Rakuten shared the firm's key blockchain-related initiatives.
Rakuten snuck in a mention that their mobile app will be getting upgraded in March, and with it, crypto payments are on the way.