[Simon Gerovich: Near-Real-Time Settlement via Blockchain Will Eliminate Counterparty Credit Risk] Metaplanet CEO Simon Gerovich stated that the waiting period from trade execution to settlement carries the credit risk of whether the counterparty remains solvent before the settlement date. If Japan advances near-real-time settlement for stocks and government bonds through blockchain and deposit tokenization, the market will compress this exposure, eliminating a type of counterparty risk arising from the settlement cycle.