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Japan’s Largest Bank Latest to Develop Own Digital Currency
Bank of Tokyo-Mitsubishi UFJ (MUFG) has revealed it has developed its own digital currency nicknamed "MUFG coin".
Автор Pete Rizzo
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Bank of Tokyo-Mitsubishi UFJ (MUFG) has revealed that it has developed its own digital currency nicknamed “MUFG coin” as part of its research into blockchain and distributed ledger technology.
According to The Asahi Shimbun, the digital currency project seeks to replicate the peer-to-peer (P2P) exchange and mobile wallet functionality inherent in bitcoin, but without relying on the bitcoin blockchain’s distributed network of miners.
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MUFG began the trial last fall, which is aimed at decreasing the costs of managing financial transactions, particularly in the case of P2P transfer and remittances.
Representatives from MUFG subsidiary BTMU confirmed the trial to CoinDesk, though they did not provide additional details when reached.
The announcement is reminiscent of Citi’s July revelation that it had created a proprietary network termed "Citicoin" on which it was conducting experiments and comes amid an increasing period of activity from both commercial and Japanese banks.
, for instance, announced this week the creation of a new company with distributed ledger startup Ripple, as well as an investment in bitcoin exchange Kraken. Meanwhile, MUFG competitors including Barclays, BBVA and Banco Santander have all made recent announcements on the subject.
Mitsubishi UFJ Financial Group had previously been revealed as a member of blockchain technology consortium R3CEV, which has enrolled 42 global banks into its program and is expanding to include non-banks.
Image credit: TK Kurikawa / Shutterstock.com
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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
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- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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Bitcoin stuck near $88,000 as gold's and silver's record-breaking rallies show exhaustion signs
"Gold and silver casually adding an entire bitcoin market cap in a single day," wrote one crypto analyst.
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- Bitcoin is off its worst levels of the weekend, but still near the year's low at $87,700.
- Facing the same news cycle as crypto, precious metals continued to surge higher, but a quick retreat from their highs on Monday suggested a bit of exhaustion was setting in.
- Analysts remain dour on the outlook for crypto prices given the looming government shutdown as well as delays in passage of the Clarity Act.
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