MUFG Units and Progmat Plan Tokenized Money Market Fund by 2026

MUFG’s asset management, securities, and trust units join Progmat to develop Japan’s first tokenized investment trust aimed at institutional investors, with launch planned for 2026.

Summary

Mitsubishi UFJ Asset Management, Mitsubishi UFJ Morgan Stanley Securities, and Mitsubishi UFJ Trust Bank will collaborate with Progmat to create Japan’s first tokenized investment trust. Known as the Tokenized Money Management Fund, it is scheduled for 2026 and will target institutional investors. This initiative expands MUFG’s blockchain-based financial offerings and could mark a significant step toward institutional adoption of tokenized assets in Japan.

Terms & Concepts
  • Tokenized Investment Trust: An investment trust represented as digital tokens on a blockchain, enabling potentially more efficient trading and settlement.
  • Tokenized Money Management Fund: A traditional money market fund represented as digital tokens on a blockchain, allowing easier transfer and potentially faster settlement.
  • Stablecoin: A cryptocurrency designed to maintain a stable value, usually pegged to a fiat currency like the US dollar.