Mitsubishi UFJ launches digital asset business and introduces personal security token trading platform "ASTOMO"
ChainCatcher news, Mitsubishi UFJ Financial Group and its subsidiary Mitsubishi UFJ Morgan Stanley Securities officially announced the launch of blockchain-based digital asset business on October 9.
As part of this strategy, Mitsubishi UFJ Morgan has begun handling bond-type security tokens (ST) and has partnered with fintech company Smart Plus to launch a security token trading service for individual investors called "ASTOMO." In its initial phase, the platform will offer real estate security token trading, allowing users to make small investments starting from 100,000 yen via a smartphone app. At the same time, Mitsubishi UFJ also announced preparations to issue public subordinated bonds in the form of security tokens, which will be the first attempt by a domestic bank in Japan.
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