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Five institutions, including Nomura Securities, utilize blockchain technology to enable digital securities DVP settlement
According to CoinDesk Japan, Nomura Research Institute (NRI), Nomura Securities, BOOSTRY, Dekalet DCP and Sumitomo Mitsui Banking Corporation (SMBC) used blockchain technology to enable DVP settlement of Japan's first digital bond. By combining BOOSTRY's blockchain "ibet for Fin" with Sumitomo Mitsui Banking Corporation's services, it is possible to make DVP payments using a regular bank account. In addition, the settlement date has been shortened from the usual four business days after the trading day to "trading day + one business day", making it the shortest settlement date for a commercial bond issuance in Japan in history.
DVP (Delivery Versus Payment) settlement is a mechanism that avoids the risk that only one party will be executed by transferring securities and making payments at the same time.