MUFG to acquire DLT based superannuation administrator GROW Inc - Ledger Insights - blockchain for enterprise. MUFG Pension & Market Services (MPMS) has entered into a binding agreement to acquire GROW Technology Services, a fintech superannuation administration platform whose core product is built on distributed ledger technology. The Australian Financial Review reported the price at around AUD 78 million (US$56 million), roughly a third of GROW's valuation a year earlier. The deal remains subject to regulatory, shareholder and court approvals. GROW's flagship product DLTA runs on R3's Corda Enterprise blockchain. The platform uses the distributed ledger as a shared registry, giving all parties to a transaction access to a single source of truth for fund and investor data. No single party can alter a record without consensus from others in the network and privacy is preserved. The Corda connection is notable because MUFG, through a separate division, founded Progmat, Japan's largest tokenized securities platform. Progmat ran on Corda until completing a migration to Avalanche last month. While MPMS and Progmat sit in different parts of the MUFG group, the overlap means MUFG has deep institutional familiarity with the technology underpinning GROW's platform. Article continues... Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.

August 2026: Top five fintech partnership stories of the month. FinTech Futures recaps five of the top fintech partnership stories from August 2026. Tyler Pathe, Senior Reporter, FinTech Futures August 31, 2026 The global fintech industry delivered a range of compelling partnerships over August 2026. Here, we take a look back at five of the top partnership stories of the month, featuring MUFG, the Bank of England, Western Union, NatWest, Polygon Labs, Uinsure, and more. Accenture to acquire IBM's stake in UniCredit technology joint venture. Italian banking group UniCredit has signed a long-term agreement with Accenture and IBM to enhance its European banking infrastructure. A joint statement confirms that the companies will work together to "design a new operating model for banking technology" that gives UniCredit greater control over the development of its technology. Under the agreement, Accenture will acquire IBM's majority stake in a joint venture that manages a significant portion of UniCredit's European IT infrastructure. NatWest partners Uinsure to launch home insurance and tracker. UK bank NatWest is launching a new home insurance service through an exclusive partnership deal with Manchester-based insurtech Uinsure. NatWest states that the service can generate a home insurance quote "in under 60 seconds", available to both customers and the public via existing digital channels and branch services. Insurance technology from Uinsure provides the underlying digital infrastructure, powering a panel of insurers that compete on price both at the initial point of purchase and upon renewal. Uinsure was created by CEO Simon Taylor in 2007, and has been majority owned by LDC, the private equity arm of Lloyds Banking Group, since 2024. Western Union partners Rain to debut Stablecard. Western Union has launched a new offering called Stablecard - a digital wallet and Visa-secured credit card developed with Rain to enable users to hold, send, and spend funds globally using stablecoins. Available through the Stablecard mobile app, the new offering enables users to receive funds and store balances in USDPT, a US dollar-pegged stablecoin issued by Anchorage Digital Bank on the Solana blockchain. Stablecoin payments firm Rain is providing the underlying infrastructure for the wallet and card operations. Stablecard is now live in 37 markets, with Western Union aiming to reach over 60 territories by the end of 2026. Polygon Labs joins Bank of England's Digital Pound Lab. US-based blockchain payments firm Polygon Labs is taking part in phase two of the Bank of England's Digital Pound Lab, exploring capabilities for a digital pound and cross-border stablecoin settlement. Polygon says it has been selected to examine "if a stablecoin and a digital pound can settle the same cross-border payment, in the same flow, without either side waiting on the other". This examination is delivered through its Open Money Stack's orchestration layer, while the digital pound segment settles within the Lab's simulated environment. The work is being conducted in partnership with NOBO Finance and Dun & Bradstreet. MUFG works to bring JGB repo transactions on-chain with new PoC. Japanese bank MUFG, alongside three of its subsidiaries, has partnered with technology companies Digital Asset Holdings, Progmat, and Secured Finance to launch a proof-of-concept for digital Japanese Government Bond (JGB) repo transactions. The proof-of-concept is oriented around two intended outcomes. Section one will test the "simultaneous settlement (DvP) of JGBs and digital money" using blockchain infrastructure, according to an MUFG statement. Section two will focus on the "on-chain implementation of the full repo transaction lifecycle", through which Secured Finance will apply its lending protocol to "automate the full sequence of processes". Digital Asset will provide a tokenisation framework built on the Canton Network blockchain to support token issuance and management. Progmat will review existing transfer set-ups for JGB book-entry transfers and will support MUFG in applying blockchain technology to said transfers and their use in repo transactions. Senior Reporter, FinTech Futures Tyler Pathe is a financial reporter, moderator and investigator with a specific interest in financial technology, banking and the financial industry's latest innovations.

NALA, an African fintech company, has secured a $25 million credit facility from Mars Growth Capital, with the option to scale to $50 million. Mars Growth Capital is a joint venture between LIQUIDITY and MUFG, Japan's largest financial institution. The funding will support NALA's cross-border payments expansion. NALA operates across Kenya, Uganda, Tanzania, Ghana, Rwanda and other markets. Through its B2B payments API, Rafiki, the company connects over 249 banks and 26 mobile money services, enabling real-time payments across Africa, Asia, Europe and the United States. The deal reflects growing interest from Japanese financial institutions in Africa's fintech ecosystem. MUFG previously invested in African mobility fintech Moove in 2022, demonstrating continued engagement with the continent's technology sector.