“MUFG plans to use blockchain technology to offer faster settlement of Japanese government bond (JGB) transactions, in a move reminiscent of similar initiatives by banks in other countries.

“BitBonds will sit alongside common stock, equity-linked securities and preferred shares as a core funding channel

“MUFG noted that financial institutions in Europe and the U.S. have expanded proof-of-concept projects to achieve this exact goal.

“the company has not sold any bitcoin and still holds 43,000 BTC despite recent large on-chain movements

“Wednesday’s large BTC transfer, flagged by blockchain trackers, was merely a “routine custody transfer” and not a liquidation

“the unsecured senior bonds mature in roughly three years and carry annual interest rates of 4% to 4.3%

“fuel the core businesses

“An in-line report can remove a tail risk