Nine institutions including Sumitomo Mitsui Banking Corporation, SBI Securities and Daiwa Securities said they have completed a business verification under the proof-of-concept project Project Trinity. The test focused on synchronized settlement using stablecoins in secondary-market trading of security tokens. According to the announcement cited by CoinPost, the project verified the feasibility of delivery-versus-payment style settlement in which security tokens and stablecoins are exchanged in sync. The update was carried by Techub News as a brief report.
Techub News reported that nine institutions, including Sumitomo Mitsui Banking Corporation, SBI Securities and Daiwa Securities, said they have completed a business verification for Project Trinity, a proof-of-concept project.
The project examined synchronized settlement using stablecoins in secondary-market trading of security tokens. According to the announcement, the verification confirmed the feasibility of synchronized delivery and payment between security tokens and stablecoins.
The item cited CoinPost as the source.
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