FinTech news in MUFG Bank 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.

The credit-oriented fintech platform Liquidity Group, which funds later-stage technology companies, has announced a new raise of $775 million from private equity house Apollo and MUFG Bank. The commitments include $425 million from Apollo Funds for a credit facility to help Liquidity scale its lending activity for late-stage technology companies. Founded in 2018, Liquidity employs machine learning and real-time data to automate the full credit investment lifecycle, committing more than $1 billion in capital. It also includes $300 million from MUFG Bank (NYSE: MUFG), for a debt fund joint venture named Mars Growth Capital.