MUFG tested the Japanese government bond buyback on Canton Network

MUFG announced that it was working with three subsidiaries to test the Japanese government bond buy-back transaction on the Canton network, with the aim of achieving automated processing and a 24-hour chain of settlement. The participating companies, including the Mitsubishi Morgan Stanley Securities, the Mitsubishi Union Trust Bank and the MUFG Bank, plan to assess the automation capacity of the block-link infrastructure during the buy-back transaction life cycle. The project is part of the payment innovation project under the supervision of the Japan Financial Services Authority and aims to support financial science and technology experiments。