MUFG

Universal bank · Tokyo, Japan

MUFG is Japan's largest financial group and a global systemically important bank, formed in 2005 from Mitsubishi Tokyo Financial Group and UFJ Holdings. MUFG Bank serves corporates in Japan and through about 2,700 locations in more than 50 countries, and the group owns Krungsri in Thailand, Bank Danamon in Indonesia and about 22 percent of Morgan Stanley. It reported record net income of 2,427.2 billion yen for the year to March 2026. Its Progmat platform issues stablecoins under Japan's 2023 law, and the three megabanks plan a joint yen stablecoin in fiscal 2026. Japan's securities regulator recommended administrative action against MUFG Bank and its securities affiliates in 2024 for sharing client information.

Legal name: Mitsubishi UFJ Financial Group, Inc.
Regulated by: Financial Services Agency of Japan (FSA), Bank of Japan, Federal Reserve (MUFG Americas), PRA/FCA (MUFG Bank London), De Nederlandsche Bank (MUFG Bank (Europe) N.V.), Bank of Thailand (Krungsri), OJK Indonesia (Bank Danamon)
Licence confirmed: yes, on a regulator's own list
Established: 2005
Website: www.mufg.jp

Scores, 0 to 10

9.0Financial strength & stability

G-SIB with A1/A/A bank ratings and record profit of 2,427.2 billion yen. · source

8.0Asia-Pacific (SG, HK, AU, JP, KR)

Largest bank in Japan plus majority-owned Krungsri (Thailand) and Bank Danamon (Indonesia) and branches in Singapore, Hong Kong and Sydney. · source

8.0Trade, manufacturing & import-export

Trade finance and project finance across 2,700 locations in 50 countries. · source

7.5Cross-border payments, FX and multi-currency accounts

2,700 locations in over 50 countries give wide SWIFT reach; FX margins are not published. Global transaction banking across 50 countries with Asian subsidiaries under one group. · source

6.5Business cards (Visa, Mastercard)

Group card company Mitsubishi UFJ NICOS issues Visa and Mastercard business and corporate cards from 1,375 yen a year, a cardless purchasing card at 33,000 yen and an American Express platinum business card; no zero-FX card is offered. · source

6.5On-ramp: buy crypto with fiat

MUFG Bank's October 2025 notice treats transfers to registered crypto exchanges as normal payments and only restricts them, including in the BizSTATION corporate channel, when the sender name has been altered, a fraud rule rather than a block. · source

6.0Latin America, Africa & South Asia

Bank Danamon (92 percent), Krungsri (76 percent), stakes in VietinBank and Security Bank, and branches in India. · source

5.5Fintech companies that need a partner bank

Progmat platform partners with fintechs on tokenisation; no safeguarding or BaaS programme is published. · source

5.0United States

MUFG Americas provides corporate and investment banking after selling Union Bank retail; Morgan Stanley alliance adds markets access. · source

5.0Lowest fees

No English-language corporate fee schedule is published on the global site. · source

5.0Off-ramp: crypto to fiat in a business account

No MUFG rule against receiving yen from Japanese registered exchanges was found and exchanges pay withdrawals to ordinary bank accounts, but the bank publishes no source-of-funds process for business crypto proceeds, so evidence is thin. · source

4.5Europe (EU, EEA, Switzerland)

MUFG Bank (Europe) N.V. in Amsterdam and continental branches serve corporates only. · source

4.5United Kingdom

MUFG Bank London branch serves corporate and institutional clients; no UK SME accounts. · source

4.5Online businesses: e-commerce and SaaS

Corporate settlement services in Japan; no multi-currency collection account for foreign merchants is listed. A Japanese entity with a resident director is required, applications are in person, and no API, Stripe or accounting integration is published for corporate accounts. · source

4.5Startups & VC-backed companies

Startups are served as corporates with branch-based onboarding. · source

4.5Customer satisfaction

No reviewed Trustpilot profile; the 2024 SESC recommendation concerned client-information sharing. · source

4.0Crypto-friendly bank

Runs the Progmat stablecoin platform but publishes no policy for banking crypto exchanges; Japan requires FSA-registered VASPs. · source

3.5Best interest on business balances

No business savings or treasury yield product is listed on the global corporate site. · source

3.5Fast digital onboarding

Corporate accounts in Japan are opened at branches with no online path listed for foreign companies. · source

3.5Stablecoins (USDC, USDT and others)

MUFG Bank, Mizuho and SMBC said on 10 June 2026 they aim to start live transactions with a jointly issued trust-type stablecoin within fiscal 2026, and MUFG joined the 21-bank US dollar stablecoin venture in September 2026, but nothing is live for business clients yet. · source

3.0Foreign-owned & non-resident companies

Only a Japanese KK or GK with a representative director resident in Japan can apply, banks take identity checks in person or through a proxy visit, and approval takes two to three weeks or longer at the megabanks. MUFG only takes applications in person at a branch. · source

2.0High-risk verticals (iGaming, cannabis, adult, forex)

Japan's Penal Code Articles 185 and 186 make gambling and running a gambling place criminal offences apart from public betting and licensed integrated resorts, online casinos are illegal even when licensed abroad, and the bank publishes no onboarding path for adult, cannabis or forex clients. MUFG's Environmental and Social Policy Framework lists illegal transactions as prohibited. · source

1.0Crypto wallet and custody for a business

No MUFG bank or trust bank service holds crypto for business clients; the group's 2026 digital asset announcements cover a planned joint stablecoin, tokenised securities and on-chain bond repo pilots, checked September 2026. · source

1.0Accept crypto payments

No merchant crypto or stablecoin acceptance was found in MUFG Bank or group announcements, checked September 2026. · source

1.0Bitcoin

MUFG offers no bitcoin buying, custody or funds to business clients; the only bitcoin link found is its asset manager holding Strategy shares in funds, checked September 2026. · source

1.0Ethereum

No ether product of any kind was found at MUFG Bank or the group, checked September 2026. · source

Sources

Built on public information and the BankStore team's own aggregated experience; no confidential client or partner data. Bank Index and BankStore are not banks. This is information, not financial advice.