MUFG tests blockchain settlement for JGB repo trades

cryptonews08-13

Mitsubishi UFJ Financial Group said on Aug. 13 that four MUFG companies will work with Digital Asset and Progmat on a proof-of-concept for Japanese government bond repo settlement using Canton Network...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMUFG tests blockchain settlement for JGB repo trades\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-08-13 20:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/mufg-tests-blockchain-settlement-for-jgb-repo-trades/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Mitsubishi UFJ Financial Group said on Aug. 13 that four MUFG companies will work with Digital Asset and Progmat on a proof-of-concept for Japanese government bond repo settlement using Canton Network...</p>\n\n<a href=\"https://crypto.news/mufg-tests-blockchain-settlement-for-jgb-repo-trades/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4207","symbol_name":"综合性银行","start_time":0,"source_url":"https://crypto.news/mufg-tests-blockchain-settlement-for-jgb-repo-trades/","article_id":"2659151073","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/mufg-tests-blockchain-settlement-for-jgb-repo-trades/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2659151073","pubTimestamp":1786622451,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"Mitsubishi UFJ Financial Group said on Aug. 13 that four MUFG companies will work with Digital Asset and Progmat on a proof-of-concept for Japanese government bond repo settlement using Canton Network.MUFG will test onchain JGB repo settlement using Canton Network with Digital Asset and Progmat.The PoC will synchronize JGB book-entry records with blockchain while considering tokenized deposits or stablecoins.Secured Finance will test automating the full repo transaction lifecycle through its blockchain lending protocol.MUFG says real-time intraday settlement could improve funding efficiency while expanding settlement windows for institutions.The plan is narrower than simply issuing new tokenized JGBs. MUFG said the bonds would retain their legal status as book-entry transfer bonds. The relevant account register would instead be updated in conjunction with blockchain records, while tokenized deposits or stablecoins are being considered for the cash side of settlement.MUFG will test simu","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4207":"综合性银行","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","LU2089284900.SGD":"Allianz Global Sustainability Cl AM Dis H2-SGD","LU0267386448.USD":"FIDELITY FIRST ALL COUNTRY WORLD \"A\" (USD) INC","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","BKCH":"AdvisorShares Sabretooth ETF","LU0314104364.USD":"MANULIFE GF AMERICAN GROWTH \"AA\" (USD) INC","LU2271345857.HKD":"ALLIANZ GLOBAL SUSTAINABILITY \"AT\" (HKD) ACC","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","BK4581":"高盛持仓","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","LU2023251221.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (USD) INC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU2111349929.HKD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (HKD) INC","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H","LU1732800096.USD":"摩根大通环球收益基金A (irc)","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H","LU1732799900.SGD":"JPMorgan Investment Funds - Global Income A (irc) SGD-H","IAI":"iShares Dow Jones U.S. Broker De","LU0557290698.USD":"施罗德环球可持续增长基金","LU2487616109.SGD":"JPM AMERICA EQUITY \"A\" (SGD) ACC","LU0158827781.USD":" ALLIANZ GLOBAL SUSTAINABILITY \"AT\" (USD) ACC","LU2028103732.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AMG\" (USD) INC","HECO":"SPDR Galaxy Hedged Digital Asset Ecosystem ETF","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","BK4516":"特朗普概念","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0210528500.USD":"JPM AMERICA EQUITY \"A\" ACC","MUFG":"三菱日联金融","LU1244550221.USD":"FRANKLIN GLOBAL MULTI-ASSET  INCOME \"A\" (USDHEDGED) INC (M)","LU0971096721.USD":"富达环球金融服务 A","LU1548497426.USD":"安联环球人工智能AT Acc","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","LU0912757837.SGD":"JPMorgan Investment Funds - Global Income A (mth) SGD-H","KBWB":"银行ETF-PowerShares","LU1791710400.SGD":"Fidelity Global Demographics A-ACC-SGD","LU2133065610.SGD":"JPMorgan Investment Funds - Global Dividend A (mth) SGD","LU0106831901.USD":"贝莱德世界金融基金A2","BK4588":"碎股","LU2347655156.SGD":"JPMorgan Investment Funds - Global Income A (icdiv) SGD-H","LU0882574139.USD":"富达环球消费行业基金A ACC","LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC"},"translate_title":"MUFG 测试 JGB 回购交易的区块链结算","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"KBWB":0.6,"BKCH":1.5,"IAI":0.6,"HECO":1.5,"MUFG":1.5},"content_text":"Mitsubishi UFJ Financial Group said on Aug. 13 that four MUFG companies will work with Digital Asset and Progmat on a proof-of-concept for Japanese government bond repo settlement using Canton Network. \n\n\nSummary\n\n\n\nMUFG will test onchain JGB repo settlement using Canton Network with Digital Asset and Progmat.\nThe PoC will synchronize JGB book-entry records with blockchain while considering tokenized deposits or stablecoins.\nSecured Finance will test automating the full repo transaction lifecycle through its blockchain lending protocol.\nJapan’s FSA selected the project under its Payment Innovation Project pilot program in February 2026.\nMUFG says real-time intraday settlement could improve funding efficiency while expanding settlement windows for institutions.\n\n\n\nThe project will test whether JGB repo transactions can move closer to real-time settlement while remaining connected to Japan’s existing securities infrastructure, according to the bank’s release.\nThe plan is narrower than simply issuing new tokenized JGBs. MUFG said the bonds would retain their legal status as book-entry transfer bonds. The relevant account register would instead be updated in conjunction with blockchain records, while tokenized deposits or stablecoins are being considered for the cash side of settlement.\n\nMUFG is testing real-time, 24/7 settlement for Japanese government bonds.Less about tokenizing the asset.More about improving the infrastructure around how it moves.https://t.co/PAG1qzWhtu— Dom Carosa (@DomCarosa) August 13, 2026\n\nMUFG will test simultaneous JGB and digital-money settlement\nOne part of the PoC will test delivery-versus-payment settlement between JGBs and digital money. The goal is to synchronize the securities leg with the cash leg, reducing the risk that one side settles without the other. Digital Asset will provide the Canton-based tokenization framework, while Progmat will support analysis of current market practices and product design.\nMUFG Bank and Mitsubishi UFJ Morgan Stanley Securities will act as market participants. MUFG Bank and Mitsubishi UFJ Trust and Banking will serve as account management institutions, while MUFG Bank will also act as the deposit-taking institution. MUFG did not name outside trading counterparties or provide a date for live commercial use.\nA second test will automate the full repo lifecycle\nThe second part goes beyond settlement. Secured Finance AG will use its lending protocol to test automation across the repo transaction lifecycle, including functions handled through smart contracts. MUFG said it expects this design could improve operational efficiency while supporting real-time intraday repo transactions and longer settlement windows.\nThe project was selected in February under Japan’s Financial Services Agency Payment Innovation Project. The FSA has described the program as a way to address legal, supervisory and compliance questions before new payment and settlement models reach the public, according to its presentation. No regulatory approval for a commercial JGB repo service was announced with Thursday’s launch.\nJapan is building several blockchain rails around sovereign debt\nThe MUFG test follows other Japanese work around government bonds. As previously reported, Japan Securities Clearing Corporation, Mizuho, Nomura and Digital Asset have tested JGBs as digital collateral on blockchain infrastructure. That project also examined whether the bonds could move digitally while remaining compliant with Japan’s existing securities framework.\nMUFG is also developing digital cash infrastructure that could eventually interact with these markets. The bank, SMBC and Mizuho plan live transactions with a jointly issued yen stablecoin by March 2027 under a shared framework. MUFG’s new JGB PoC does not state that this planned stablecoin will be used in repo settlement.\nU.S. repo pilots provide a model for the next phase\nMUFG pointed to Europe and the U.S., where intraday government bond repo projects are further advanced. Canton said in January that an industry group completed cross-border intraday repos involving U.S. Treasuries, European government bonds, dollar and euro cash, and tokenized commercial bank deposits in a statement. MUFG said commercial intraday U.S. Treasury repo services are already operating.\nFor Japan, the next steps are still experimental. MUFG plans to engage regulators and a wider group of domestic and overseas financial institutions while also working with Morgan Stanley, its strategic alliance partner. The company did not provide a completion date, production launch target or transaction volume for the PoC.\nWhat matters next is whether the test can synchronize legally recognized JGB ownership with blockchain settlement without creating breaks between existing book-entry records and onchain systems. Any move into production would also require decisions on the cash instrument, operating model and regulatory treatment. For now, the project remains a proof-of-concept rather than a live 24/7 JGB market.\n\n\n\n\n\n                Read more:\n            \n\n                Monaco moves to overhaul crypto rules with MiCA aligned framework","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.48.0","shortVersion":"4.48.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2659151073","isCrawlerRequest":true}