Apr 24
SBI, Daiwa Securities trial digital bond settlement using DCJPY tokenized deposits
Last month six Japanese organizations ran a proof of concept for the settlement of digital bond transactions using the DCJPY tokenized deposit solution
➤ SBI and Daiwa Securities conducted a proof of concept for digital bond settlement using DCJPY tokenized deposits, a first for Japan's digital currency securities settlement. ➤ The trial aimed to reduce settlement risk by using tokenized deposits for bond transfers on the BOOSTRY ibet for Fin blockchain platform. ➤ Significant work is needed to automate data linkages and integrate with conventional infrastructure before production deployment.