MUFG’s experiment plans to deliver Japanese authorities bond repo transactions onchain to attain 24/7 settlement, in addition to improved capital and operational effectivity.
4 MUFG firms plan to deliver Japanese authorities bond repo transactions onchain utilizing the Canton Community, as a part of a brand new proof of idea (PoC).
The 4 firms, together with MUFG, Mitsubishi UFJ Morgan Stanley Securities, Mitsubishi UFJ Belief and Banking and MUFG Financial institution, will collaborate with Digital Asset Holdings and Progmat for the PoC, in response to a Thursday announcement.
The businesses stated they search to enhance operational effectivity via automation of the transaction lifecycle, allow real-time intraday settlement 24/7, in addition to improve funding and capital effectivity.
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