Today MUFG announced a research consortium to explore the use of blockchain and security tokens for automatic securities settlement. Dubbed the ST Research Consortium, in addition to MUFG group companies, the membership includes Mitsubishi, NTT, Accenture, KPMG and startup Securitize.
The objective is to enable both fundraising and management on the same platform and to use digital cash for settlement. The assets involved will include bonds and securitized products, but the initial emphasis appears to be on bonds.
Bonds are also the focus of the joint venture between competitor
Nomura and related company Nomura Research which was launched two months ago. Both MUFG and Nomura invested in compliance token platform
Securitize, which is a participant in the MUFG consortium.
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