MUFG to pilot blockchain-based real-time settlement for Japan govt bonds

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Japanese banking giant MUFG is planning a proof-of-concept to test blockchain-based settlement for Japanese Government Bond (JGB) trades. The initiative will utilize the Canton Network, a privacy-enabled blockchain platform designed for institutional finance. The pilot aims to explore whether onchain technology can enable real-time settlement of government bond transactions. This move reflects growing interest among major financial institutions in applying distributed ledger technology to traditional securities markets.

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