Assets · Debt security · issued by MUFG
MUFG JPY 10bn subordinated Tier 2 security token bond on Progmat, 2025New
Mitsubishi UFJ Financial Group's 1st series unsecured subordinated security token bond with early redemption option, write-down on non-viability and transfer restrictions, meant to count as Basel III Tier 2 capital. Publicly offered in Japan through Mitsubishi UFJ Morgan Stanley Securities; MUFG called it the first public security token bond in the Japanese banking sector. Transfers are recorded on Progmat. JCR rates it AA-. Callable on 11 January 2031.
- Issued
- 11 Nov 2025
- Matures
- 11 Jan 2036
- Size
- ¥10bn
- Coupon
- 1.858% fixed to 11 Jan 2031, then 5-year JGB + 0.65%
Issued through Progmat security token platform Live (scaled)
Classification · medium confidence
- Legal form
- Debt security from issuance terms
- Underlying
- Corporate debt
- Value behaviour
- Fixed income · pays income
- Ledger role
- Native
- Legal labels
- security token bond (electronically recorded transferable securities representation right, FIEA) (Japan)[1]
Tier 2 subordinated with write-down on non-viability; still a fixed-principal debt promise with maturity, so debt-security and fixed-income.
Sourced[1]. How assets are classified: methodology.
Contracts
No contract addresses recorded yet.
Sources
- [1]Issue of a publicly offered unsecured subordinated bond in security token (ST) bond form in Japan — MUFG, Mitsubishi UFJ Trust and Banking, Mitsubishi UFJ Morgan Stanley Securities and Progmat (joint release), 9 Oct 2025. Accessed 18 Oct 2026. In Japanese; our summary is translated.B
- [2]JCR rating announcement 25-D-1106, Mitsubishi UFJ Financial Group (ratings affirmed) — Japan Credit Rating Agency, 26 Nov 2025. Accessed 18 Oct 2026. In Japanese; our summary is translated. Rated-bond table gives the issue size, issue date, maturity, coupon and AA- rating..B
- [3]MUFG is planning Japan's first bank digital bond — Ledger Insights, 9 Oct 2025. Accessed 18 Oct 2026. States that transfers must be recorded on Progmat..C