Today MUFG Innovation Partners (MUIP) a wholly owned subsidiary of MUFG
announced an investment in Chainalysis the blockchain analytics firm. The startup is a leading provider of anti-money laundering solutions in the cryptocurrency sector. Another Japanese firm, Sozo Ventures also contributed to the $6 million funding which brings the Series B round to 36 million.
MUFG intends to launch the
MUFG Coin and Wallet this year. MUFG also plans to white-label its solution so that other enterprises can have their own coins. The bank has been keen to differentiate MUFG Coin from “speculative” cryptocurrencies.
In the announcement, MUFG pointed to the need for infrastructure and a regulatory compliance framework for trust.
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