Finschia announced on May 24th that it is currently working on launching Kaia, a technology infrastructure that combines the advantages of Finschia and Klaytn. The goal is to launch it by the end of June. KLAY holders do not need to conduct separate token exchanges, but FNSA holders need to exchange them for KAIA tokens. The token exchange will be provided through the Kaia portal website and will be launched simultaneously with the Kaia chain.

Jinse Finance reported that Line Tech Plus, a subsidiary of Line’s blockchain business, announced today that it has launched the blockchain mainnet Finsia (FNSA) governance alliance and disclosed the list of members for the first time. The members of the governance alliance announced by the Pincia Foundation on the same day are: Softbank, Line Next, A41, AhnLab Blockchain Company, Good Gang Labs, Neopin Presto Labs, and Mabrex. With this announcement, the announcement marks Fincia's transition to a governance consortium, strengthening the nature of the public chain.