Japan’s MUFG to launch instant JGB transactions via blockchain

Step will eliminate current repo settlement cycle of 1 day or longer MUFG looks to use tokenized money market funds and a stablecoin to carry out blockchain-based JGB repo trades. (Photo by Jo Miyaguchi) TOKYO — Leading Japanese bank Mitsubishi UFJ Financial Group plans to offer instantaneous settlements of certain Japanese government bond transactions by using blockchain technology, Nikkei has learned.

Read the full article at the source →