FinTech news in animoca category

The investment, which was shelled out equally by the parent firm Animoca Brands and MUFG Bank, the largest bank in Japan with 360 years of history, comes at a time when the country is tightening regulations around the crypto industry. Asia crypto games and web3 investment powerhouse Animoca Brands is making inroads into Japan as its local unit picks up $45 million in financing at a $500 million pre-money valuation. Line’s 90 million users in Japan can now store their NFTs in their Line-powered digital asset wallet and trade NFTs with friends. MUFG, which was formed from a merger between Bank of Tokyo-Mitsubishi and UFJ Bank, isn’t the only financial group in Japan to have embraced NFTs.