Tagged: mufg

Mitsubishi UFJ Financial Group Establishes a Security Token Research Consortium with Multiple Partners, Plans for Future of Digital Securities

Mitsubishi UFJ Financial Group (MUFG) (NYSE:MUFG) has established the Security Token Research Consortium (ST Research Consortium) to develop next-generation financial transaction services using blockchain technology. Japan has emerged as a robust market for the development of blockchain technology. MUFG  is one of the largest financial… Read More

Digital Asset Platform Securitize Raises $14 Million in Funding Round led by Santander, Mitsubishi & Nomura

Digital asset issuance and management platform Securitize has raised $14 million in a funding round led by three big multinational banks: Banco Santander (InnoVentures), MUFG (Mitsubishi’s VC arm) and Nomura Holdings. The investment is a solid recognition of the growing relevance of digitization of securities… Read More

MUFG Union Bank Acquires Supply Chain Finance Platform Trade Payable Services from GE Capital

MUFG Americas Holdings Corporation (MUAH) and GE Capital announced on Wednesday that MUFG Union Bank, N.A., a subsidiary of MUAH, will be acquiring Trade Payable Services (TPS), a supply chain finance platform, from GE Capital. MUFG Union Bank will reportedly assume management control of the systems and processes… Read More

First Proof of Concept: KYC Blockchain Created by ASEAN Banks

OCBC Bank, HSBC and Mitsubishi UFJ Financial Group (MUFG), along with Infocomm Media Development Authority (IMDA), have successfully completed a proof-of-concept for a Know Your Customer (KYC) blockchain. OCBC Bank is the longest established bank in Singapore formed in 1932 from the merger of three… Read More

Mitsubishi UFJ Financial Group Realigns Subsidiaries to Reflect Market Changes Including Fintech

Mitsubishi UFJ Financial Group, Inc. (MUFG) has announced a “functional realignment” of its group subsidiaries. The realignment includes a name change from The Bank of Tokyo-Mitsubishi UFJ, Ltd to MUFG Bank, Ltd. (subject to regulatory approval).  The company said they had two aims: adapting to domestic… Read More

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