mufg – DIGIT INFO

Progmat stablecoin platform takes shape as wallet, liquidity providers join

DIGIT — Wed, 08 Nov 2023 20:51:13 +0000

Progmat Coin hopes to issue yen- and dollar-pegged “trust-type” stablecoins next summer to accommodate around-the-clock settlement.

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MUFG to facilitate Japanese bank-backed stablecoins via Progmat Coin platform

DIGIT — Sat, 03 Jun 2023 05:13:24 +0000

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.

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Insurance Giant Tokio Marine to Offer Its Services in the Metaverse

DIGIT — Sat, 31 Dec 2022 11:30:06 +0000

Tokio Marine, the biggest property/casualty insurance group in Japan, is taking its services and operations into the metaverse. The group, which has more than 39,000 employees all over the world, will allow its users to review and purchase insurance products on a metaverse platform, using real employees as clerks in the virtual world. Tokio Marine […]

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Largest Japanese Bank MUFG Projects to Offer Financial Services in Metaverse by 2023

DIGIT — Wed, 09 Nov 2022 05:00:01 +0000

MUFG, the biggest bank in Japan, is projecting to offer financial services through the metaverse in 2023. The financial giant has partnered with ANA Holdings, a holdings consortium focused on air transportation companies, to be part of ANA’s Granwhale metaverse, and explore the possibility of selling financial products on this platform next year. MUFG Prepares […]

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MUFG drops blockchain payment project to focus on stablecoins

DIGIT — Wed, 23 Feb 2022 13:37:00 +0000

Established in 2019, MUFG’s blockchain payments project GO-Net Japan is shutting down due to low expected profitability.

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Top Japanese bank MUFG introduces new stablecoin platform

DIGIT — Thu, 10 Feb 2022 09:19:43 +0000

After many years of digital currency development, Japan’s largest bank MUFG has officially introduced its own stablecoin project.

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Japanese government considers relaxing strict coin listing rules

DIGIT — Fri, 04 Feb 2022 04:22:37 +0000

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.

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MUFG boosts its crypto exposure following $41M Zipmex funding round

DIGIT — Tue, 31 Aug 2021 10:15:27 +0000

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.

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Coinbase Partners With MUFG to Launch Operations in Japan

DIGIT — Thu, 19 Aug 2021 05:30:59 +0000

Leading US-based cryptocurrency exchange Coinbase announced it will launch operations in Japan yesterday. The exchange will be partnering with Mitsubishi UFJ Financial Group (MUFG), a banking institution with more than 40 million customers, to make it easy for residents of Japan to purchase and sell cryptocurrencies. Coinbase Launches in Japan Coinbase, one of the leading […]

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Seven firms in Japan deploy blockchain to digitize trade paperwork

DIGIT — Mon, 26 Oct 2020 17:23:32 +0000

A new trade management platform in Japan prevents data tampering using blockchain technology.

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