Digital Securities and Stablecoin Integration: Towards a Japanese Tokenized MMF

On the 2nd, Progmat, a subsidiary of Mitsubishi UFJ Trust Bank, announced the results of a joint examination by 46 organizations regarding digital securities that complete transactions on the blockchain in collaboration with stablecoins. The aim is to commercialize a 'Japanese tokenized MMF' where not only securities trading but also interest payments and settlements are conducted on the blockchain. Tokenized MMF (Money Market Fund) involves tokenizing money market funds, which invest in short-term financial instruments (e.g., government bonds, deposits) on the blockchain, enabling immediate settlements and interest payments. For example, BlackRock's BUIDL.