Japanese financial giants join forces to launch Project Trinity to promote cross-chain atomic swaps of stablecoins and security tokens.

[Chain News] On August 22, 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 utilize the Inter-Blockchain Communication (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, the Japanese stablecoin market is rapidly developing after the update of the "Payment Services Act", allowing for compliant issuance of stablecoins, promoting more efficient and safer financial transaction settlements. The securities 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, thereby 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.

According to previous news, Japan's SBI Holdings plans to complete the acquisition of a majority stake in CoinPost on October 1.