MUFG and three other group entities have launched a proof of concept to tokenize Japanese government bond repo transactions on the Canton Network. The four entities are collaborating with Digital Asset Holdings and Progmat to achieve 24/7 settlement, automate transaction lifecycles and improve operational and capital efficiency. This initiative is part of Japan’s Financial Services Agency Payment Innovation Project pilot announced in February 2026. MUFG is also expanding its blockchain strategy through its Progmat Coin stablecoin issuance platform launched in June 2023.
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