Japan's Financial Services Agency granted a full banking license on September 24, 2026 to MU Digital Bank Preparation Co., moving the Mitsubishi UFJ Bank subsidiary from a licensing-stage preparation company to a licensed bank under Article 4, Paragraph 1 of the Banking Act.
The newly licensed bank carries ¥47.45bn in capital and is wholly owned, 100 percent, by MUFG Bank, Ltd.. It will be based in Nishi-Gotanda, Shinagawa Ward, Tokyo, and the notice names a representative director and chief executive, though it does not supply a verified English spelling for that person's name.
| Field | Detail |
|---|---|
| License date | September 24, 2026 |
| Capital | ¥47.45bn |
| Ownership | 100% owned by MUFG Bank, Ltd. |
| Headquarters | Nishi-Gotanda, Shinagawa Ward, Tokyo |
One detail is worth flagging rather than guessing at. The FSA's release gives the bank's formal registered name by pairing the Mitsubishi UFJ brand with a katakana element (エムット) that the agency's own machine translation of its page leaves unrendered into English. Tokyo Brief has not invented a Latin-script spelling for that portion of the name.
The license grant itself is narrow. The notice confirms the entity now holds authority to conduct banking business, its capital base, its sole shareholder, and that it has a named chief executive, but it says nothing about a retail launch date, product lineup, or staffing plans.