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 US-based fintech company Akamai.

Seven firms in Japan deploy blockchain to digitize trade paperwork

A new trade management platform in Japan prevents data tampering using blockchain technology. According to an Oct.

Mitsubishi Launches Blockchain Platform for Metal Trading

The metals and minerals subsidiary of Mitsubishi has launched a blockchain platform to digitize metal trades. The metals and minerals resource trading subsidiary of Mitsubishi Corporation, Mitsubishi Corporation RtM Japan Ltd, has launched a blockchain platform named ECO for precious metals trading. Developed by Mitsubishi in partnership with the American blockchain company Skuchain, the platform is built on top of Skuchain’s EC3 platform for blockchain-based supply chain management and finance. According to the official announcement, ECO will ease metal trades between counterparties by generating, managing and executing invoices and trade confirmations.  For the start, Mitsubishi will only bring its “most valued customers” on the platform but it plans to soon expand and implement ECO to cover a wider portion of its supply chain system.  Using the ECO platform, trading parties will be able to sign trade documents and upload them on the blockchain.

Huobi Joins Japan STO Association Along With MUFG And 10 Other Players

Huobi Japan is now part of the local self-regulatory body supporting the development of security token offerings. Huobi’s Japanese branch has joined the Japan Security Token Offering Association, or JSTOA, as a “supporting member” along with Zaif, FXCoin, and 8 other local crypto players, according to the announcement published earlier today.  “A full member must be a securities firm holding a Finance 1 licence,” Huobi Japan CEO Haiteng Chen clarified in a comment to Cointelegraph.

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.

Japanese Banking Giant MUFG to Issue Its Own Stablecoin in H2 2020

Japan’s largest financial institution, Mitsubishi UFJ Financial Group, is planning to issue the MUFG token in the second half of 2020. Mitsubishi UFJ Financial Group, or MUFGt, the fifth largest bank in the world, is reportedly planning to issue its own digital currency in the second half of 2020. Initiated back in 2015, the digital currency project was originally designed to run on a blockchain network and facilitate instant peer-to-peer transactions.