Mitsubishi UFJ Invests in Bitcoin Startup Coinbase

Coinbase has reportedly raised more than $10m from Japan's largest bank, Mitsubishi UFJ Financial Group.

AccessTimeIconJul 7, 2016 at 5:36 p.m. UTC
Updated Sep 11, 2021 at 12:21 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global event for everything crypto, blockchain and Web3.Register Now

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.

Coinbase said:

"Partnering with leading global financial institutions is a key part of our strategy and we are thrilled to be working with BTMU."

With the news, Coinbase said it would seek to launch services in Japan, a move that would make it the second Asian market served by the firm.

Coinbase’s all-time funding total now stands at $116.7m, a figure that puts it behind bitcoin payment services provider Circle, which has raised $136m in four public funding rounds.

Investors in previous Coinbase rounds include the New York Stock Exchange (NYSE), BBVA Ventures and QueensBridge Venture Partners.

Disclaimer: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in Coinbase.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.