According to "Nikkei Asia," Mitsubishi UFJ Financial Group (MUFG) plans to support the settlement of Japanese government bonds on the blockchain as early as the 2027 fiscal year. They aim to achieve instant settlement using tokenized deposits or stablecoins issued by institutions like MUFG Bank to enhance capital efficiency for institutional investors. MUFG plans to complete a proof of concept for Japanese government bond repo transactions within the year.