Mizuho Bank and Fijitsu have conducted a trial using blockchain technology to reduce the processing time for cross-border securities transactions from three to same-day settlement, which decreases risks such as price fluctuations. The banks are also working on developing an electronic trading platform that would allow investors in Japan to trade cryptocurrencies directly with their Japanese bank accounts.
Mizuho Bank and Fijitsu have conducted a trial using blockchain technology to reduce the processing time for cross-border securities transactions from three to same-day settlement, which decreases risks such as price fluctuations. The companies will use the results to consider implementing the technology for this purpose from March 2016, with a view to creating a convenient, tamper-proof and faster financial system in the future.