A consortium of Japan’s leading financial institutions, spearheaded by Mitsubishi UFJ Financial Group (MUFG), is testing distributed ledger technology to modernize Japanese government bond (JGB) repo markets. Operating within the Japanese Financial Services Agency’s (FSA) FinTech PoC Hub under its Payment Innovation Project, the initiative aims to compress the conventional one-to-three-day (T+1 to T+3) repo… Read More >>
Franklin Templeton Digital Assets Is a ‘Super Validator’
Franklin Templeton Digital Assets officials say they are deepening their commitment to the Canton Network by becoming a Super Validator for the blockchain infrastructure. The announcement came via a recent posting on the X social media channel. “Financial institutions shouldn’t just use blockchains. They should help run them. TradFi and DeFi are becoming one. @CantonNetwork… Read More >>
Digital Asset Receives $355M in VC Funding
Blockchain pioneer Digital Asset (DA) has received $355 million via a funding round led by Andreessen Horowitz’s crypto venture capital fund — a16z crypto — that will support DA’s next phase of growth for the Canton Network, a public layer-one blockchain whose backers hope will become a shared infrastructure. Officials say that major firms participated… Read More >>
SEC Approves a Blockchain-Native Clearing Agency
The U.S. Securities and Exchange Commission (SEC) has approved the first, and for now the only, blockchain-native clearing agency — the Paxos Securities Settlement Co., LLC (PSSC), a subsidiary of blockchain infrastructure platform provider Paxos, officials say. PSSC, which will be governed by Section 17A of the Securities Exchange Act of 1934, is now able… Read More >>
BNP Paribas Asset Management Pilots Tokenized MMF
BNP Paribas Asset Management has launched a tokenized share class of a French‑domiciled money market fund that is recorded on a public blockchain infrastructure, which marks the firm’s first step in its fund tokenization efforts via a public blockchain infrastructure, officials say. “The initiative relies on a permissioned access model on Ethereum, restricting holding and transfers… Read More >>
