DeFi· ★★★· bullish·

Nine Japanese financial firms complete phase two of Project Trinity

  • —Nine Japanese institutions took part, including Mitsui Sumitomo Bank, Daiwa Securities and SBI Securities
  • —Daiwa and SBI simulated trading on the Osaka Digital Exchange (ODX) START market
  • —Settlement used tokenized corporate bonds issued by SBI VC Trade and a trust-type stablecoin from Mitsui Sumitomo Bank
  • —The tests confirmed T+2 settlement is feasible across different blockchains
Why it matters: A working DvP test on tokenized securities and stablecoins moves Japan closer to blockchain-based settlement that removes the risk of one-sided delivery.
Source: Digital Today
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