SMBC, Progmat, Boostry, and Datachain have kicked off Project Trinity a pilot for stablecoin-based DvP settlement of security tokens.
Powered by @IBCProtocol, Cosmos, and @tokifinance, it will seek to enable fast, atomic swaps in Japan’s ¥193.8B+ security token market.
Speee (TSE:4499) subsidiary Datachain is an IBC code maintainer.
IBC has moved under Linux Foundation Decentralized Trust (LFDT) for neutral governance.
#IBC#Datachain#Progmat#Stablecoin#Tokenization
Datachain provides technical advisory to Mitsubishi UFJ Bank and collaborates with Progmat on joint development.
The focus is on applying interoperability technology to:
• Cross-border remittances
• Tokenized deposits
• Digital securities
#ATOM#COSMOS#IBC