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 digital asset business based on blockchain technology.

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 for individual investors called "ASTOMO." 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 domestic banking industry.