$1.6T JGB Repo Market Gets Onchain Push in Major MUFG Blockchain Experiment

1 month ago 14

Rommie Analytics

Key Takeaways:

The four MUFG group companies have started a proof-of-concept of onchain Japanese Government Bond repo transactions.
The project will use the Canton Network, with Digital Asset and Progmat supporting the initiative.
MUFG aims to achieve faster settlements, increased automation, and enhanced funding and capital efficiency via blockchain infrastructure.

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