On December 12, the Nikkei reported that Mitsubishi UFJ Financial Group (MUFG) is considering implementing a system by fiscal year 2027 that would settle Japanese government bond repo transactions on the blockchain. The initiative aims to utilize tokenized deposits and stablecoins, potentially issued by Mitsubishi UFJ Bank and others, to enable immediate settlements and improve capital efficiency for institutional investors. The focus of this initiative is on repo transactions, where...