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MUFG Wants Japan's Bond Market Settling in Seconds, Not Days
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MUFG Wants Japan's Bond Market Settling in Seconds, Not Days
Mitsubishi UFJ Financial Group said Thursday that four of its entities will run a proof-of-concept for settling Japanese government bond repo trades in real time on the Canton Network, targeting 24/7 atomic settlement in place of a process that currently takes one to three business days.MUFG, MUFG Bank, Mitsubishi UFJ Morgan Stanley Securities, and Mitsubishi UFJ Trust and Banking will work with Canton developer Digital Asset and Japanese blockc…
Mitsubishi UFJ Financial Group (MUFG), Mitsubishi UFJ Morgan Stanley Securities, Mitsubishi UFJ Trust and Banking Corporation, and Mitsubishi UFJ Bank collaborate with Digital Asset Progmat to utilize Secured Finance protocols.
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