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Japanese Banking Giant MUFG to Deploy Stablecoins on Public Blockchains


Mitsubishi UFJ Financial Group (MUFG), the largest bank in Japan, announced its plans to deploy and distribute bank-backed stablecoins on different public blockchains. The Japanese bank has partnered with Datachain, a blockchain interoperability company, and Toki, a cross-chain bridge, to allow...

MUFG Bank strikes exclusive collaboration with TBT Lab


MUFG Bank has taken over JPY 600m in the form of shares belonging to JP Universe, as well as LOGSYS. Both of these entities are affiliates of TNT Lab, which is basically a lab engaged in business development and has its eyes on Web3, along with the metaverse. MUFG Bank intends to forge a capital...

Insurance Giant Tokio Marine to Offer Its Services in the Metaverse


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...

Coinbase Partners With MUFG to Launch Operations in Japan


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...

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