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HomeBankingMUFG: Executes First Transaction on komgo

MUFG: Executes First Transaction on komgo

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MUFG: Executes First Transaction on komgo

  • MUFG Bank, Ltd. is Japan’s premier bank, with a global network spanning around 50
    countries
  • Successfully executed its first live digital transaction on komgo, a blockchain based commodity trade finance platform led by KomGo SA*
  • KomGo SA a new venture formed in August 2018 by MUFG Bank and fourteen other
    top global institutions
  • Developed a secure platform that is part of an emerging global ecosystem aiming to optimize commodities trading
  • Komgo also offers various digital trade finance products including letters of credit, standby letters of credit and receivables discounting
  • MUFG will continue also to support komgo’s global development, using the komgo platform to accelerate digitization of business activities

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