Japan's MUFG to launch instant JGB transactions via blockchain, eliminating current repo settlement cycle of 1 day or longer
Japan's leading bank Mitsubishi UFJ Financial Group (MUFG) plans to offer instantaneous settlements of certain Japanese government bond (JGB) transactions by using blockchain technology. This step will eliminate the current repo settlement cycle of 1 day or longer. MUFG looks to use tokenized money market funds and a stablecoin to carry out these blockchain-based JGB repo trades.
Source:Nikkei Asia · Source Link
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