Launch of the 'DID/VC Co-Creation Consortium AI Agent × Financial Transactions Subcommittee'

VESSLabs Inc. (Headquarters: 1-23-14 Kamina, Shibuya-ku, Tokyo; hereinafter "[VESS]") has jointly established the "AI Agent × Financial Transactions Subcommittee" (hereinafter "the Subcommittee") with Mitsubishi UFJ Trust and Banking Corporation (hereinafter "Mitsubishi UFJ Trust and Banking") as part of the DID/VC Co-Creation Consortium (Decentralized Identifier / Verifiable Credential Co-creation Consortium; hereinafter "DVCC"*1).

The Subcommittee will look ahead to an era in which AI agents*2 autonomously execute financial product transactions on behalf of financial institution customers (hereinafter "users"), and will examine issues related to ensuring transaction reliability, security, and transparency, as well as practical, legal, and governance challenges.

In particular, the Subcommittee will focus on appropriate delegation of authority from users to AI agents, organizing key discussion points such as defining and proving the scope of delegation and verifying transaction outcomes.

Additionally, the Subcommittee will assess the potential use and implementation requirements of Verifiable Credentials (VCs) as a supporting framework, including alignment with relevant laws and regulations.

Participating Companies in the AI Agent × Financial Transactions Subcommittee (listed alphabetically)

1. Background and Objectives of Establishing the Subcommittee

In recent years, advances in generative AI and AI agents have led to the development of agentive commerce, where AI agents autonomously conduct transactions on behalf of users, going beyond merely supporting user decision-making. Overseas, standardization of technologies related to AI agent-mediated transactions is progressing, particularly in e-commerce and payment sectors.

In contrast, applying such technologies to financial product transactions in Japan requires addressing multiple legal and governance requirements, including customer protection, disclosure obligations, anti-money laundering and counter-terrorism financing (AML/CFT) measures, and civil law interpretations regarding contract actions performed by AI agents that may not align with user intent.

From the standpoint of ensuring trust in AI agent-mediated financial transactions, the Subcommittee will explore the feasibility of systems leveraging VCs, focusing on key issues that financial institutions must verify—such as user identity confirmation, clear definition of the scope of delegation to AI agents, consistency with investment suitability, and recording the basis for transaction approval. To systematically address this new theme of AI-mediated financial transactions and its associated key issues, the Subcommittee will conduct cross-sector collaborative discussions grounded in practical financial operations.

2. Main Areas of Joint Discussion in the Subcommittee

(1) Anticipated Use Cases and Vision

The Subcommittee envisions use cases in which AI agents handle tasks such as purchasing, selling, or making partial investment decisions for financial products like investment trusts on behalf of ordinary users in their daily financial activities. Based on these use cases, the Subcommittee will examine the extent to which AI agents can autonomously execute existing financial transaction processes within the scope of authority delegated by users.

(2) Key Discussion Topics

· Preliminary organization of major legal interpretations and governance issues related to AI agent-mediated financial product transactions

· Potential applications and implementation requirements of VCs as a technological foundation supporting AI agent-mediated financial transactions

· Architecture and proof-of-concept scenarios in preparation for pilot experiments using real systems in the next fiscal year

3. Future Activities and Structure

The Subcommittee will operate from July 2026 to March 2027, with Mitsubishi UFJ Financial Group, Inc. serving as the lead coordinator, alongside participation from financial institutions, vendors, legal counsel, and other stakeholders. Through regular meetings, the Subcommittee will promote information sharing and exchange of views among participants, advancing preliminary issue identification and analysis.

For inquiries regarding the Subcommittee's activities, 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 to promote business co-creation using digital credentials (Verifiable Credentials, or VCs) linked with Decentralized Identifiers (DIDs). As of June 2026, it comprises 53 member companies.

[Reference]

· Announcement on the Establishment of the "DID/VC Co-Creation Consortium" and Launch of the "Rule Development Subcommittee"

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

· Announcement on 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: In this press release, "AI agent" refers broadly to agentive AI that performs tasks based on user intent, including so-called Agentic AI capable of autonomously planning and executing multiple tasks.

[Overview of VESS Labs Inc.]

Company Name: VESS Labs Inc.

Address: Regus Shibuya Park Avenue Center, 1-23-14 Kamina, Shibuya-ku, Tokyo

Representative: Kentaro Fujimori, CEO

VESS Labs provides trust infrastructure leveraging Decentralized Identifiers (DIDs) and Verifiable Credentials (VCs). The company offers a certificate issuance platform for enterprises and local governments ("VESS Credentials"), a wallet for individuals ("VESS Wallet"), and "VESS AIdentity," which enables authorization for AI agents. Compliant with international standards, VESS is building next-generation digital identity infrastructure.

For inquiries about VESS products or business initiatives utilizing decentralized identity, please visit the contact page on our website:

Website: https://www.vess.id/