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 identify the advantages and disadvantages of transitioning to instant settlement on a blockchain, compared to the existing trading practices.
On-chain settlement refers to the process of settling assets such as government bonds...