Mitsubishi UFJ Announces Proof of Concept for On-Chain Japanese Government Bond Repos

Product / Tech
โดย NADA NEWS·JP·Read original
Summary · why it matters

Mitsubishi UFJ Financial Group and three of its subsidiaries announced they will begin a proof-of-concept experiment to handle Japanese government bond repo transactions on a blockchain. The participants are Mitsubishi UFJ Morgan Stanley Securities, Mitsubishi UFJ Trust and Banking, and Mitsubishi UFJ Bank, with Digital Asset Holdings and Progmat collaborating on the initiative and using the Canton Network, a blockchain for institutional investors, as the foundation. The proof of concept consists of two mechanisms: one that links updates to the transfer account ledger with the blockchain while preserving the legal nature of the government bonds, and another that automates the entire repo transaction flow using smart contracts. According to Bank of Japan statistics, the average daily value of newly agreed repurchase transactions in March 2026 was 63.488 trillion yen, of which 84.5 percent, or 53.631 trillion yen, was concentrated in overnight transactions, and intraday repos that start and end on the same day have not become widespread in Japan. MUFG said it will consider tokenized deposits and stablecoins as funding options and aims to achieve delivery-versus-payment settlement on the blockchain.

Impact on stocks 1

Financials · 1 stocks

Theme Impact 1

Off-coverage companies 2

Digital Asset Holdings, LLCPrivate▲ Positive
Technologyrelevance

Digital Asset Holdings provides the Canton Network, positioning its technology for institutional blockchain adoption.

ProgmatPrivate▲ Positive
Technologyrelevance

Progmat collaborates on the blockchain initiative, enhancing its platform's use case.

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