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

MUFG, Toyota rally around next-gen cryptocurrency tech

Ethereum promises advanced functionality for corporate transactions

TOKYO -- Mitsubishi UFJ Financial Group and a Toyota Motor unit have joined a consortium promoting Ethereum, a virtual currency and versatile platform for transactions among businesses.

The Enterprise Ethereum Alliance, founded in February by around 30 European and American members including JPMorgan Chase and Microsoft, welcomed a slew of new faces Monday. These included MUFG, the Toyota Research Institute and startup Smart Contract Japan.

Sponsored Content

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

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

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