Mitsubishi UFJ Financial Group, Japan’s largest financial group, is working hard to take the lead in stablecoin development, launching a proprietary stablecoin project.On Wednesday, MUFG introduced its stablecoin platform called “Progmat Coin,” a blockchain-based system for issuing and managing stablecoins pegged on a 1:1 ratio to the Japanese yen.The platform aims to enable a … [Read more...] about Top Japanese bank MUFG introduces new stablecoin platform
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SBI Group launches crypto-asset fund for Japanese investors
Tokyo’s biggest finserv firm, SBI Group, will now allow general Japanese investors to purchase cryptocurrencies via its newly launched ‘crypto asset fund’. The fund is composed of seven cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), XRP, Bitcoin Cash (BCH), Chainlink (LINK) and Polkadot (DOT). The crypto-asset fund, to be traded and operated by the … [Read more...] about SBI Group launches crypto-asset fund for Japanese investors
Japanese crypto firms join forces to spearhead a new metaverse association
Four leading virtual currency firms have joined hands to form a Japanese Metaverse association. The association seeks to promote metaverse tech developments and share essential information with industry experts throughout the world.”The association was established by virtual currency trading platform FXcoin, crypto wallet provider Ginco, crypto-asset investment solutions … [Read more...] about Japanese crypto firms join forces to spearhead a new metaverse association
A Japanese game with 8 million users is launching a crypto metaverse
Gensokishi Online Project has announced the launch of METAWORLD, the newest iteration of the popular game. Metaworld is a blockchain-based version of “Gensokishi Online,” a game whose 8 million users in Japan, Taiwan, and the U.S. won it the “Game of the Year Gold Award” in 2012.The newest version of the game will incorporate elements of GameFi and NFTs in a metaverse … [Read more...] about A Japanese game with 8 million users is launching a crypto metaverse
Japanese Consortium Plans to Issue Bank Deposit-Like Digital Yen by 2022-End
Members of the Digital Currency Forum, include banks like MUFG Bank, Sumitomo Mitsui Banking Corp., Mizuho Bank, Japan Post Bank, industry heavyweights like the Nippon Telegraph & Telephone Corporation, East Japan Railway, and Mitsubishi Corp., as well as local governments. The Bank of Japan, Financial Services Agency of Japan, and three ministries, are observing its … [Read more...] about Japanese Consortium Plans to Issue Bank Deposit-Like Digital Yen by 2022-End