Participation in the "DID/VC Co-creation Consortium AI Agent x Financial Transactions Subcommittee"

The Mortgage Corporation of Japan, Limited. (Head Office: Shibuya-ku, Tokyo, President and CEO: Naohiro Ando) announced its participation in the "AI Agent x Financial Transactions Subcommittee" (hereinafter referred to as "this Subcommittee"), jointly established within the DID/VC Co-creation Consortium (Decentralized Identifier / Verifiable Credential Co-creation Consortium, hereinafter referred to as DVCC*1) organized by Mitsubishi UFJ Financial Group, Inc. (President and Group CEO: Junichi Hanzawa) and MUFG Bank, Ltd. (President: Hiroshi Kubota, hereinafter referred to as MUFG Bank).

This Subcommittee will examine issues related to ensuring the reliability, safety, and transparency of transactions, as well as practical, legal, and governance challenges, with a view to an era where AI agents autonomously execute financial product transactions on behalf of financial institution customers (hereinafter referred to as users).

In particular, it will focus on the appropriate delegation of authority from users to AI agents, defining and verifying the scope of delegation, and the verifiability of transaction execution results.

Furthermore, as a supporting mechanism, it will confirm the potential use of Verifiable Credentials (VC) and their implementation requirements, including consistency with relevant laws and regulations.

Joint Research Companies for the AI Agent x Financial Transactions Subcommittee (in Japanese syllabary order)

1. Background and Objectives of Establishing This Subcommittee

In recent years, advancements in generative AI and AI agents have led to the implementation of agentic commerce, where transactions are autonomously executed on behalf of users, going beyond mere decision support. Overseas, standardization of technology for agency transactions by AI agents is progressing, primarily in the fields of commercial transactions (EC) and payments.

On the other hand, applying this to financial product transactions in Japan requires compliance with multiple legal and governance requirements, including customer protection, accountability, measures against financial crime such as AML/CFT, and interpretations under civil law regarding contractual actions by AI agents that may not align with user intentions.

From the perspective of ensuring reliability in financial product transactions via AI agents, this Subcommittee will focus on issues such as user identity verification, clarification of the scope of delegation to AI agents, consistency with investment suitability, and recording the basis for transaction consent, and will examine the feasibility of a mechanism utilizing VCs. Joint research will be conducted in line with financial practices among stakeholders to comprehensively organize the new theme of financial transactions via AI agents and related key issues.

2. Background and Objectives of Establishing This Subcommittee

(1) Assumed Use Cases and Desired State

We envision use cases where AI agents handle the purchase/sale and partial investment decisions of financial products such as investment trusts, which are routinely traded by general users, on behalf of the users. Based on these use cases, this Subcommittee will examine the extent to which AI agents can autonomously process existing financial product transaction processes based on the authority delegated by users.

(2) Main Assumed Examination Items

Initial organization of key legal interpretation and governance issues related to financial product transactions using AI agents.

Potential use of VCs and implementation requirements as the technological foundation supporting financial product transactions via AI agents.

Architecture and demonstration scenarios for a proof-of-concept experiment using actual equipment in the next fiscal year.

3. Future Activities and Structure

From July 2026 to March 2027, this Subcommittee is planned to be operated with Mitsubishi UFJ Financial Group, Inc. as the secretariat, with the participation of financial institutions, vendors, and legal counsel. Through regular meetings, information sharing and opinion exchange will be conducted among stakeholders to advance the organization of issues as initial research.

For inquiries regarding the activities of this Subcommittee, please contact:

DID/VC Co-creation Consortium Secretariat (Email: dvcc_post@tr.mufg.jp)

*1: DVCC is the "DID/VC Co-creation Consortium" established in October 2023 with the aim of co-creating businesses for Decentralized Identifiers (DID) and Verifiable Credentials (VC). Number of member companies: 53 (as of the end of June 2026).

[Reference]

・Regarding the establishment of the "DID/VC Co-creation Consortium" and the launch of the "Rule Development Subcommittee"

https://www.tr.mufg.jp/ippan/release/pdf_mutb/231010_1.pdf

・Regarding the launch of the "DID/VC Co-creation Consortium Identity Verification Subcommittee"

https://www.mufg.jp/dam/pressrelease/2024/pdf/news-20240621-001_ja.pdf

*2: "AI Agent" in this press release refers to agent-type AI that processes based on user intent, including so-called Agentic AI that autonomously plans and executes multiple tasks.

Company Name: The Mortgage Corporation of Japan, Limited. (Abbreviation: MCJ)

President and CEO: Naohiro Ando

Established: May 2003

Investing Companies: Sekisui House, Ltd., Daiwa House Industry Co., Ltd., Sumitomo Forestry Co., Ltd., Sekisui Chemical Co., Ltd., Mitsubishi HC Capital Inc.

Contact: Public Relations Department, The Mortgage Corporation of Japan, Limited.

Shinjuku Mines Tower 9F, 2-1-1 Yoyogi, Shibuya-ku, Tokyo 151-0053

TEL: 03-6701-7689 MAIL: mcj-ad@mc-j.co.jp