Mitsubishi UFJ Financial to Invest in Bitcoin Venture Coinbase

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TOKYO—Japan’s biggest lender, Mitsubishi UFJ Financial Group Inc., is stepping into a bitcoin universe by investing in Coinbase, a use that allows users to store a practical banking and make payments with it.

To ramp adult operations in Asia, Coinbase is set to lift about $10.5 million from investors on Friday including MUFG’s core banking section and an MUFG venture-capital fund, bank officials said.

The MUFG investment is a…

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