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Blockchain Technology Utilization − Implement for Rubber Futures Settlement by Delivery, Possibility of Implement for Gold in the Future
Jan. 30, 2023Japan Securities Clearing Corporation under Japan Exchange Group, Inc.(JPX), announced on January 30 that it would implement a blockchain technology in the settlement by delivery on rubber(RSS3, Ribbed Smoked Sheet) futures contracts at Osaka Exchange under JPX as a first shot.
So far, the settlement by delivery of RSS3 futures had been implemented by accepting “delivery order(paper)”, that approves its delivery, however it came to change to a system with delivery order(token), that records its information, on-line under the blockchain technology utilization.
The new system has been enforced from 2023 January delivery month, its settlement date on January 31.
Also, JPX intends to consider the system with token on gold futures contracts.
(Futures Tribune・issued January 31, 2023・no.3194)
Link(Japanese site)
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