Japan’s Largest Bank Joins $10.5m Funding Round in U.S Exchange Coinbase

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Japan’s Largest Bank Joins $10.5m Funding Round in U.S Exchange Coinbase

Postby kreslik.news » Sat Jul 09, 2016 8:13 am


San Francisco headquartered Bitcoin exchange Coinbase has secured an additional $10.5 million in capital at its latest funding round. The new funds came from a small group of Japanese investors including Sozo Ventures and the Bank of Tokyo-Mitsubishi UFJ, Ltd.(MUFG), the largest bank in Japan, as well as its subsidiary Mitsubishi UFJ Capital (MUCAP).

This isn’t the first we’ve heard about MUFG taking an interest in blockchain technology or cryptocurrencies. In June reports surfaced in Japan that the bank is working on utilizing blockchain technology to create its own ‘coin’. The bank is expected to launch apps for mobile devices as well as ATMs that ... (read more)

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