On the 30th, the Ministry of Finance announced the formation of a study group focused on on-chain solutions for instant settlement of government bond transactions, as reported by Reuters. The inaugural meeting is scheduled for October 8.
Currently, the practice of settling funds and government bonds on the business day following the transaction date is well-established. The study group will compare this existing practice with the potential shift to instant settlement on the blockchain, identifying the benefits and drawbacks of such a transition.
On-chain settlement refers to the process of settling assets such as government bonds...