Nomura, Daiwa, Japan's big 3 banks to test stablecoin securities settlement
Nomura Securities and Daiwa Securities are launching a proof of concept for using stablecoins in securities settlement. The initiative is being conducted together with Japan's big 3 banks: MUFG, SMBC, and Mizuho.
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The trial runs in the FSA's Fintech PoC Hub sandbox using the joint stablecoin MUFG, SMBC and Mizuho plan to issue by March 2027, testing delivery-versus-payment for government bonds and listed stocks.
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