Mitsubishi UFJ Financial Group plans to use blockchain to launch an instant settlement service for Japanese treasury bonds

Comparatively, Japan's largest banking group, Mitsubishi UFG Financial Group (MUFG), plans to use blockchain technology to provide instant settlement services for some Japanese treasury bond (JGB) transactions.

According to the report, MUFG plans to use tokenized money market funds and stablecoins to carry out blockchain-based Japanese treasury bond repurchase transactions to shorten the settlement process for traditional securities transactions. (Nihon Keizai Shimbun)