The Crypto Asset Trust initiative should help legalize Japan’s “crypto landscape” and create a safe and attractive environment for the issuance, storage and trading of digital assets, company representatives assure.
“We are joining forces to work towards creating a safe and attractive environment. We are implementing a scheme that will ensure taxation of token issuers and allow institutional investors to safely invest in digital assets,” the parties said in a statement.
Ginco will take over the management and oversight of the tokens issued on the Mitsubishi UFJ public blockchain. For its part, Mitsubishi UFJ Trust plans to offer depository services for storing crypto assets to institutional investors.
Earlier, Mitsubishi UFJ Financial Group announced negotiations with issuers and plans to launch the world’s largest stablecoins on its blockchain platform.
Source: Bits
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