The Mitsubishi Japan Financial Group intends to use the block chain to launch immediate local debt settlement services

ON 13 AUGUST, THE LARGEST JAPANESE BANKING GROUP, MITSUBISHI JAPAN UNION FINANCIAL GROUP (MUFG), PLANNED TO PROVIDE IMMEDIATE SETTLEMENT SERVICES FOR PART OF THE JAPANESE DOMESTIC DEBT (JGB) DEAL, USING BLOCK CHAIN TECHNOLOGY. ACCORDING TO REPORTS, MUFG PLANS TO USE MONETIZED MONEY MARKET FUNDS AND STABLE CURRENCIES TO CONDUCT DAY-TO-DAY DEBT BUY-BACK TRANSACTIONS BASED ON BLOCK CHAINS TO SHORTEN THE SETTLEMENT PROCESS FOR TRADITIONAL SECURITIES TRANSACTIONS. (JAPAN ECONOMIC NEWS)