According to CoinPost, Mitsubishi UFJ Financial Group (MUFG), together with Digital Asset, Progmat, and other organizations, has launched an on-chain experiment for Japanese government bond repo transactions. Using the Canton Network designed for institutional markets, the trial will test DvP (Delivery versus Payment) synchronized settlement between government bonds and tokenized deposits or stablecoins. The project will also verify the full lifecycle automation of smart contracts, covering trade matching, collateral delivery, interest calculation, and maturity repayment. The goal is to gradually extend repo transaction settlement periods, potentially enabling 24-hour operations, without replacing Japan's existing government bond settlement system. The Japanese government bond repo market is estimated to be worth around ¥250 trillion to ¥270 trillion. https://(wublock123.com)/news/mufg-digital-asset-progmat-japan-govt-bond-repo-onchain-trial-66854