Mitsubishi UFJ Trust and Banking invests in Datachain | CoinDesk JAPAN | Coin Desk Japan

Mitsubishi UFJ Trust and Banking will invest in Datachain. Datachain announced funding from the trust bank on the 26th.

It is said that they will further strengthen cooperation toward commercialization of initiatives based on stable coins, security tokens (digital securities), and cross-chain technology, which have been examined for business and technical verification.

In a press release, Mitsubishi UFJ Trust and Banking Director and Managing Executive Officer Tomohiro Kimura said, “The digital asset market is expected to expand in the future, and Mitsubishi UFJ Trust and Banking is launching ‘Progmat’ for such a future. When thinking about the future of digital assets,
Multi-chain deployment and cross-chain transactions are essential,” he said about the background to the investment in Datachain.

The investment amount was not disclosed in the release, but Nikkei reports that the investment ratio is 1% and the amount is considered to be less than 100 million yen.

｜Text: Takayuki Masuda
｜Image: From the release