ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Finance

Japan's BTMU plans international fund transfers via blockchain in 2018

Bank teaming up with global peers on next-gen network

Bank of Tokyo-Mitsubishi UFJ will be part of a global banking alliance that will tap the technology behind virtual currency to wire funds more efficiently.

TOKYO -- Bank of Tokyo-Mitsubishi UFJ and six other international banking groups will launch next year a faster and lower-cost cross-border wiring service that uses blockchain, the core innovation behind virtual currency.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more