MUFG Innovation Partners Invests in Chainalysis

MUFG Innovation Partners Invests in Chainalysis


MUFG Innovation Partners Co., Ltd (MUIP) which is a corporate enterprise capital fund and wholly owned subsidiary of MUFG has made it known that it has made an investment in Chainalysis, Inc., a startup which provides investigation and compliance solutions to problems which source from illegal virtual currency activities, according to a recent report.

MUIP First Investment overseas

This is the second investment to be made by MUIP since it was founded in 2019 by MUFG and the first to be made overseas. Chainalysis which has turned out to be a leading provider of digital currency compliance solutions intend to use the investment to grow its business within Asia-Pacific and to open an office in the area.

Infrastructure and regulatory compliance frameworks are essential in ensuring and building trust amongst every stakeholder. Although, the growth and acceptance of blockchains and associated decentralized financial systems have experienced great development.

The President and Chief Executive Officer of MUFG Innovation Partners, Nobutake Suzuki while speaking about the Chainalysis investment said that:

“Chainalysis’s compliance technology is important to providing the insight and anti-money laundering controls banks need in order to establish next-generation compliance frameworks,” “Today’s announcement signals our joint commitment to growing the cryptocurrency industry in  Japan and  Asia-Pacific  more soundly and broadly. Further, it is our hope that this investment will lead MUFG toward forming a closer strategic relationship with Chainalysis.” He added.

Chainalysis is based in New York and it uses deep analytics and machine learning as well as maintain data privacy which assists law enforcement agencies in tracing illegal virtual currency transactions. Along with the aforementioned features, the startup issue advice which helps to assess and enhance their controls as required to digital currency startups and financial institutions.

The major aim of MUIP is to create as many partnerships and synergies as possible between MUFG group companies and portfolio companies. It intends to continue making an investment in the financial technology (fintech) sector.