Step will eliminate current repo settlement cycle of 1 day or longer
MUFG will deliver instant JGB settlement on blockchain using stablecoin and tokenized funds, eliminating the 1+ day cycle. Signals blockchain maturation in core financial infrastructure; directly impacts treasury tech stack decisions, settlement risk, and operational efficiency for institutions.
MUFG is preparing a proof-of-concept for onchain JGB transactions using the Canton network.
MUFG launches a Canton Network pilot to test real-time settlement of Japanese government bond repo trades.
MUFG launched a proof-of-concept for atomic settlement of $1.7 trillion Japanese government bond repos on blockchain, replacing T+1 cycles. The initiative eliminates counterparty risk and establishes stablecoins as infrastructure for Japan's institutional blockchain finance.
MUFG is testing onchain JGB repo settlement via Canton, reducing 1-3 days to real-time for improved capital efficiency. This mirrors JPMorgan's Kinexys (2020) and signals blockchain entering core finance infrastructure—reshaping how banks manage collateral.
MUFG plans to bring Japanese government bond repo transactions onchain to achieve 24/7 settlement, as well as improved capital and operational efficiency.
MUFG launched a proof-of-concept for real-time blockchain settlement of Japanese government bond repos in a $1.7 trillion market, targeting