MUFG PoC to bring Japanese government bond repo transactions onchain
60-second summary
MUFG is conducting a proof-of-concept to bring Japanese government bond repo transactions onchain, aiming for 24/7 settlement and improved capital and operational efficiency. The experiment will utilize blockchain technology to facilitate seamless transactions. This move is expected to increase market participation and reduce costs, benefiting the overall Japanese financial market and promoting its growth in the digital economy.
MUFG’s experiment plans to bring Japanese government bond repo transactions onchain to achieve 24/7 settlement, as well as improved capital and operational efficiency.