[Nine Japanese Institutions Complete Phase 2 Validation of Project Trinity, Achieving T+2 Feasibility for Cross-Chain DvP Settlement] Odaily Planet Daily News: Nine Japanese institutions, including Sumitomo Mitsui Banking Corporation, Daiwa Securities, SBI Securities, Progmat, and Datachain, have announced the completion of Phase 2 validation for 'Project Trinity.' The project aims to eliminate settlement risks caused by asynchrony through 'Delivery versus Payment' (DvP). During testing, Daiwa Securities and SBI Securities simulated the START market of the Osaka Digital Exchange (ODX), using ST corporate bonds issued by SBI VC Trade and trust-type stablecoins issued by Sumitomo Mitsui Banking Corporation to complete two cross-chain synchronized settlements. This phase has preliminarily validated the feasibility of a T+2 settlement cycle. (Nada News)