Progmat Coin hopes to issue yen- and dollar-pegged “trust-type” stablecoins next summer to accommodate around-the-clock settlement.
MUFG to facilitate Japanese bank-backed stablecoins via Progmat Coin platform
MUFG hasn’t revealed what firms will be the first to utilize its platform, however a handful of banks have reportedly already opted for a separate stablecoin solution.
MUFG drops blockchain payment project to focus on stablecoins
Established in 2019, MUFG’s blockchain payments project GO-Net Japan is shutting down due to low expected profitability.
Top Japanese bank MUFG introduces new stablecoin platform
After many years of digital currency development, Japan’s largest bank MUFG has officially introduced its own stablecoin project.
Japanese government considers relaxing strict coin listing rules
If passed, the rules reform could make it easier for domestic exchanges to list more crypto without needing to go through a long screening process.
MUFG boosts its crypto exposure following $41M Zipmex funding round
Thailand’s Bank of Ayudhya, where MUFG holds a 76.9% stake, has participated in a $41 million raise for Asia-Pacific-focused crypto trading platform Zipmex.
Japan’s Banking Giant MUFG Plans to Launch Blockchain Payment Network in 2021
Japanese banking giant MUFG plans to launch its blockchain payment network across the country in 2021 with U.S.-based fintech company Akamai.
Japanese Financial Giant MUFG to Launch Digital Currency in 2020
The world’s fifth largest bank is set to go ahead with a digital currency launch in collaboration with Indeed.com parent firm Recruit Group.
Pompliano Joins Board of Blockchain-Based Lending Firm After $103M Raise
Blockchain-based consumer lender Figure added Morgan Creek Digital’s Anthony “Pomp” Pompliano to its board following a $103 million funding round.
MUFG Teaming up With Indeed.com Owner to Launch Digital Currency for Payments: Report
Japan’s MUFG Bank and Recruit Holdings are reportedly launching a digital currency as part of a new payments initiative.
Leading Japanese Firms Partner on Security Token Research
MUFG launched a 22-member research consortium of security issuers, broker dealers and tech companies to set standards for security token management.
Token Tech firm Securitize Raises $14 Million From Santander, MUFG, Nomura
The SEC-regulated firm raised $14 million from notable investors across traditional and blockchain finance.
Japan’s Biggest Bank Invests in Crypto Sleuthing Startup Chainalysis
Japanese bank MUFG has backed an additional Series B raise for crypto analytics startup Chainalysis, bringing its round total to $36 million.
Japan’s Biggest Bank Launching Blockchain Payments Network in 2020
Japanese banking giant Mitsubishi UFJ Financial Group is launching a high-throughput blockchain-based payments network next year.