Progmat stablecoin platform takes shape as wallet, liquidity providers join
Progmat Coin hopes to issue yen- and dollar-pegged “trust-type” stablecoins next summer to accommodate around-the-clock settlement. Go to Source
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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. Go to Source Powered by WPeMatico
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 employees as clerks in the virtual world. Tokio Marine … Read more
Largest Japanese Bank MUFG Projects to Offer Financial Services in Metaverse by 2023
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 … Read more
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. Go to Source Powered by WPeMatico
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. Go to Source Powered by WPeMatico
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. Go to Source Powered by WPeMatico
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. Go to Source Powered by WPeMatico
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 and sell cryptocurrencies. Coinbase Launches in Japan Coinbase, one of the leading … Read more
Seven firms in Japan deploy blockchain to digitize trade paperwork
A new trade management platform in Japan prevents data tampering using blockchain technology. Go to Source Powered by WPeMatico
