Mitsubishi UFJ Invests in Bitcoin Startup Coinbase

Mitsubishi UFJ Invests in Bitcoin Startup Coinbase

Bitcoin exchange provider Coinbase has raised $10.5m in new funding from investors including Bank of Tokyo Mitsubishi UFJ, Mitsubishi UFJ Capital and Silicon Valley VC firm Sozo Ventures. The investment coincides with the announcement that MUFG subsidiary Bank of Tokyo Mitsubishi UFJ has entered into a strategic partnership with Coinbase, and follows rumors the San Francisco startup had been working on a proof-of-concept with an unknown Asian bank. In statements, Coinbase said that the partnership will help it bridge the gap between blockchains and the traditional financial industry.....


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