Search results for MUFG Bank
Crypto
21 global financial firms to issue stablecoin; former Ripple executive calls it a familiar scene
A former Ripple executive, Emi Yoshikawa (에미 요시카와), described plans by a 21-bank consortium led by Goldman Sachs and MUFG Bank to launch a dollar stablecoin as a familiar move by banks. She said on X after the announcement that it felt like deja vu. The project draws attention for favoring tighter in-house control over outside blockchain networks. MUFG is also pushing a yen stablecoin payment launch in Japan by March 2027.
Finance
Deposit tokens push into payment networks, accelerate capital market overhaul
Deposit-token trials are spreading from payment gateways and merchant networks to cross-border payments, shifting the commercialisation race from issuance to where tokens can be used. Payment and settlement at the same time could cut small merchants’ fees and settlement periods. Inclusive finance is expanding by borrower type as banks tailor products and fintechs support fees. Regulators are weighing tighter limits on single-stock leveraged products. Market reforms also tighten scrutiny of duplicate listings and low-PBR firms.
Finance
KB Kookmin Bank validates deposit token payments with Japan\'s MUFG Bank
KB Kookmin Bank has completed a validation of cross-border payment scenarios using foreign-currency-based deposit tokens with Japan\'s MUFG Bank. It said this was the first time a South Korean commercial bank has tested deposit token payments with an overseas bank. The bank said it carried out the work as part of Project Agora, a global cooperation initiative jointly promoted by the Bank for International Settlements and the Institute of International Finance.
