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