SBI and Digift and Startale, Singapore, initiated the technology validation of the DCOF

According to Coinpost, Asset Management Company SBI announced that a technical validation (POC) had been launched with Digift and Startale of Singapore to test the monetization of the Japanese equity fund settlement and distribution. The validation was carried out on the Internet with the testing of the Taifeng site, using a mock token of JPYS (Yen-Stabilized Currency issued by the SBI), and focused on testing the chain of settlement at the time of the Fund ' s purchase and the payment of dividends to the holder. If the test is successful, the programme is expected to reduce the time allowed for the settlement of securities transactions, which typically require multiple business days, to the second grade, and to automate and pay the dividends immediately。