A MAJOR JAPANESE BANK IS PUTTING BONDS ON BLOCKCHAIN
MUFG is testing blockchain technology to enable faster settlement of Japanese government bond transactions.
The interesting part isn't just in technology.
It's the fact that traditional financial infrastructure is increasingly being tested on blockchain rails.
If these systems eventually scale,blockchain could help financial institutions move assets and settle transactions faster,with less reliance on traditional settlement process.And this is bigger than one bank.
The RWA trend is moving deeper into traditional finance.
Bitcoin may be the most recognized crypto asset,but experiments like this show why blockchain technology itself is attracting institutional attention .
#Blockchain #RWA #MUFG