According to BlockBeats news on August 22, the stablecoin-driven DvP (Delivery versus Payment) settlement project—Project Trinity—has officially launched, initiated by financial institutions such as Sumitomo Mitsui Banking Corporation (SMBC), Progmat, Boostry, and Datachain, with TOKI participating as a technical partner. The project aims to utilize IBC protocol and LCP technology to achieve cross-chain atomic swaps between stablecoins and security tokens, 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 nearly 24/7 real-time settlement, reducing counterparty risk and synchronization risk, and assisting in 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.