Mitsubishi UFJ Financial Group Plans to Use Blockchain to Launch Japanese Government Bond Instant Settlement Service

BlockBeats News, August 13th - Japan's largest bank group, Mitsubishi UFJ Financial Group (MUFG), plans to utilize blockchain technology to provide real-time settlement services for some of Japan's government bonds (JGB) transactions.

The report states that MUFG plans to use tokenized money market funds and stablecoins to conduct blockchain-based JGB repurchase transactions, in order to shorten the settlement process of traditional securities trading. (Nikkei Asia)