PANews August 22 news, according to official news from Cosmos, the stablecoin-driven DvP (Delivery versus Payment) settlement project - Project Trinity, initiated by financial institutions including Sumitomo Mitsui Banking Corporation (SMBC), Progmat, Boostry, and Datachain, has officially launched, with TOKI participating as a technical partner. The project aims to achieve cross-chain atomic swaps between stablecoins and security tokens using the IBC protocol and LCP technology, covering blockchain platforms such as Avalanche and Quorum.
Currently, Japan's stablecoin market is rapidly developing following the update of the Payment Services Act, allowing for compliant issuance of stablecoins and promoting more efficient and secure financial transaction settlements. The security token market is also continuously expanding, with issuance exceeding 193.8 billion yen (approximately 1.3 billion USD) by the end of July 2025. Project Trinity aims to ultimately achieve near 24/7 real-time settlement, reducing counterparty risk and synchronization risk, and supporting the upgrade of Japan's secondary market infrastructure. In addition, TOKI will provide cross-chain messaging and middleware support at the technical level to ensure the security and efficiency of the settlement system.
Previously reported, Japan's SBI Holdings plans to complete the acquisition of a majority stake in CoinPost on October 1.