JPMorgan Chase Plans to Test Real-Time Blockchain Settlement for Japanese Government Bonds, MUFG to Conduct Similar Experiment

BlockBeats News, August 13th, JPMorgan Chase plans to test real-time blockchain settlement of Japanese Government Bonds (JGB).

Meanwhile, Mitsubishi UFJ Financial Group (MUFG), one of Japan's largest banking groups, is also preparing to conduct a Proof of Concept (PoC) for Japanese government bond on-chain transactions through the Canton Network, exploring 24/7 real-time settlement to shorten the current traditional 1 to 3-day settlement period and improve repo transaction efficiency.