CryptoCoinDeskabout 3 hours ago
MUFG tests blockchain settlement for JGB trades
1 min read
MUFG plans a proof-of-concept for onchain Japanese government bond transactions using the Canton network, aiming for real-time 24/7 settlement versus the traditional 1-3 days. The Tokyo-based bank expects improved operational and capital efficiency for repo transactions. JPMorgan's Kinexys network has offered blockchain-based intraday U.S. Treasury repos since 2020.
Level
Hype check
Tap to vote and see what everyone thinks.
Summary by ByteBrief
