
Japan
moomoo Kicks off Its Online Brokerage in Japan
Global investment and trading platform moomoo announced the launch of its online brokerage business in Japan on 19 September 2023. Japanese investors can now trade approximately 7,000 US stocks and ETFs on the moomoo platform. They will also be able
Read MoreJapan Government Pushes for Fintech Development
Despite having a rich history of financial innovation, Japan has remained a relatively cash-based society, lagging well behind neighbouring countries in the adoption of cashless payments and fintech services. Recognizing the country’s decline in global competitiveness, the government is now
Read MoreMUFG Sets up JPY 20 Billion Fund to Support Startups With Innovative Tech
Mitsubishi UFJ Financial Group (MUFG) and its subsidiary, Mitsubishi UFJ Innovation Partners (MUIP), have established a JPY 20 billion (US$136.4 million) fund to support startups. The fund, called the MUFG Innovation Partners No. 3 Investment Partnership (No. 3 Fund), will
Read MoreBinance Japan Kicks off With 34 Tokens for Spot Trading
Cryptocurrency exchange Binance announced that its customers in Japan will now have access to 34 tokens for spot trading. Binance claims that this is the largest number of tokens offered by any digital currency exchange in the country. In December
Read MoreSMBC, Global Brain Raise US$210 Million Fund to Create Japanese Unicorns
Japan’s Sumitomo Mitsui Banking Corporation (SMBC) along with its investment arm SMBC Venture Capital Management (SMBC VCM) and venture capital firm Global Brain has jointly set up a fund worth JPY 30 billion (US4210 million). The “SMBC-GB Growth Fund” aims
Read MoreJapan’s SMBC, Incubate Fund Set up US$200 Million Fintech Fund in Singapore
Japan’s Sumitomo Mitsui Banking Corporation (SMBC) and early-stage venture capital firm Incubate Fund has co-founded the US$200 million “SMBC Asia Rising Fund” in Singapore. Since its inception in 2010, the Japan-based Incubate Fund has invested more than JPY 98.3 billion
Read MoreMUFG Set to Launch New Debt Funds Worth US$400 Million in Japan, Europe
Mitsubishi UFJ Financial Group (MUFG) announced plans to establish two new debt funds for Japanese and European startups worth almost US$400 million in total. The group’s subsidiary MUFG Bank and Israeli fintech Liquidity Capital will be providing the funding under
Read More7 Upcoming Fintech Events in Korea and Japan to Attend
Asia-Pacific (APAC) is home to one of the fastest growing fintech industries in the world and some of the biggest players globally. The region’s large population and high fintech adoption rate make APAC one of the world’s biggest adopter of
Read MoreBank of Japan to Kick off Digital Yen Pilot in April
The Bank of Japan (BOJ) announced that it will launch its Central Bank Digital Currency (CBDC) pilot programme in April this year to test the use of a digital yen. The central bank said that it will complete its Proof
Read MoreRiskified Expands Footprint in Japan, Names New Country Manager
Riskified, a software as a service fraud and chargeback prevention technology provider, has expanded its footprint in Japan and named Anthony Guercio as the Country Manager. With 20 years of enabling digital transformation in Japan and APAC, Guerciowill lead Riskified’s
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