On August 13, BlockBeats reported that Mitsubishi UFJ Financial Group (MUFG), Japan's largest banking group, plans to use blockchain technology to provide instant settlement for selected Japanese government bond (JGB) trades. According to Nikkei, MUFG intends to leverage tokenized money market funds and stablecoins in blockchain-based JGB repurchase transactions. The aim is to shorten the settlement cycle of traditional securities trading.
Mitsubishi UFJ Financial Group (MUFG), Japan’s biggest banking group, is preparing to use blockchain tech to enable instant settlement for some Japanese government bond (JGB) trades, BlockBeats reported on August 13.
Nikkei says MUFG plans to carry out blockchain-based repurchase transactions for JGBs with tokenized money market funds and stablecoins. The goal is simple: cut the settlement cycle for traditional securities deals.
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