JPMorgan confirmed on August 13, 2026 that it will test real-time blockchain settlement for Japanese government bonds, aiming to compress a one-to-three-day process into instant, 24/7 finality. The move lands the same day MUFG announced its own Canton Network pilot for JGB repo trades, putting two of the biggest names in global banking in a race to define how Japan’s $8 trillion bond market settles.