Mitsubishi UFJ launches digital asset business, introducing personal security token trading platform "ASTOMO"

ChainCatcher news, Mitsubishi UFJ Financial Group and its subsidiary Mitsubishi UFJ Morgan Stanley Securities announced on October 9 the official launch of a blockchain-based digital asset business.

As part of this strategy, Mitsubishi UFJ Morgan has begun processing bond-type security tokens (ST) and has partnered with fintech company Smart Plus to launch a security token trading service "ASTOMO" aimed at individual investors. The platform will initially offer real estate security token trading, allowing users to make small investments starting from 100,000 yen through a smartphone application. At the same time, Mitsubishi UFJ also announced plans to issue public subordinated bonds in the form of security tokens, marking the first attempt in Japan's banking industry.