Establishment of the "AI Agent x Financial Transactions Subcommittee" within the DID/VC Co-creation Consortium

Mitsubishi UFJ Financial Group, Inc. (President and Group CEO: Junichi Hanzawa) and MUFG Trust and Banking Corporation (President: Hiroshi Kubota, hereinafter "MUFG Trust Bank") have jointly established the "AI Agent x Financial Transactions Subcommittee" (hereinafter the "Subcommittee") within the DID/VC Co-creation Consortium (Decentralized Identifier / Verifiable Credential Co-creation Consortium, hereinafter "DVCC"*1), hosted by MUFG Trust Bank.

The Subcommittee will consider 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*2 can autonomously execute financial product transactions on behalf of financial institution customers (hereinafter "users").

In particular, it will focus on the appropriate delegation of authority from users to AI agents, organizing discussion points on the definition and proof of the scope of delegation, and the verifiability of transaction execution results.

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

1. Background and Objectives of the Subcommittee Establishment

In recent years, advancements in generative AI and AI agents have led to the implementation of agentic commerce, where AI agents not only support user decision-making but also autonomously execute transactions on behalf of users. Overseas, standardization of technologies for agency transactions by AI agents is progressing, primarily in the fields of commercial transactions (e-commerce) and payments.

On the other hand, applying these 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, the 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. It will examine the feasibility of implementing mechanisms utilizing VCs. Joint discussions 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. Main Joint Discussion Topics of the Subcommittee

(1) Assumed Use Cases and Target State

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

(2) Main Assumed Discussion Points

• 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 next fiscal year.

3. Future Activities and Structure

The Subcommittee is planned to operate from July 2026 to March 2027, with Mitsubishi UFJ Financial Group, Inc. serving as the secretariat, and financial institutions, vendors, and legal counsel participating. Through regular meetings, information sharing and opinion exchange will be conducted among stakeholders to advance the organization of discussion points 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 refers to the "DID/VC Co-creation Consortium" established in October 2023 with the aim of co-creating businesses using Decentralized Identifiers (hereinafter "DID") and Verifiable Credentials (hereinafter "VC"). As of the end of June 2026, there are 53 member companies.

[Reference]

• 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

• Establishment 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-based AI that processes based on user intent, including so-called Agentic AI that autonomously plans and executes multiple tasks.

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