According to CoinPost, asset management company SBI announced that it has jointly launched a proof of concept (PoC) with Singapore's DigiFT and Startale to test the settlement and distribution of tokenized Japanese stock funds. The verification is being conducted on the Ethereum testnet using simulated tokens of JPYSC (a Japanese yen stablecoin issued by SBI), focusing on on-chain settlement during fund subscriptions and dividend payments to holders. If successful, this solution could potentially reduce the securities transaction settlement time, which usually takes several business days, to mere seconds, while automating and enabling instant dividend payments. https://www.(wublock123.com)/news/news-64644