PANews February 11 News, according to Nikkei News, Japan’s Nomura Holdings and Daiwa Securities Group are jointly working with Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group, and Mizuho Financial Group, the three major banks, to promote a pilot project for securities trading based on stablecoins, aiming to achieve 24-hour real-time settlement on the blockchain. The project plans to convert assets such as stocks, government bonds, corporate bonds, investment trusts, and ETFs into digital securities. After investors place orders through brokerages, transactions will be settled in real-time using the yen stablecoin jointly issued by the three banks, with asset rights transferred to the buyer simultaneously. The trial is expected to start as early as this month after notifying financial regulators, and may attract more financial institutions to participate in the future.
The project aims to support round-the-clock trading through the tamper-proof features of blockchain, extend trading hours, and shorten settlement cycles to invigorate the stock, bond, and investment trust markets. However, implementation still faces compliance and practical challenges such as broker order verification processes. The pilot will focus on identifying and resolving these obstacles.
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