News

According to ChainCatcher, Cosmos announced on social media that Project Trinity—a stablecoin-driven DvP (Delivery versus Payment) settlement initiative jointly launched by financial institutions such as Sumitomo Mitsui Banking Corporation (SMBC), Progmat, Boostry, and Datachain—has officially commenced, with TOKI participating as a technology partner. The project aims to leverage the IBC protocol and LCP technology to enable cross-chain atomic swaps between stablecoins and security tokens, covering blockchain platforms such as Avalanche and Quorum. Currently, Japan's stablecoin market has developed rapidly following updates to the Payment Services Act, which now allows for compliant issuance of stablecoins and promotes more efficient and secure financial transaction settlements. The security token market is also expanding, with issuance exceeding 193.8 billion yen (approximately 1.3 billion US dollars) as of the end of July 2025. Project Trinity ultimately aims to achieve near 24/7 real-time settlement, reducing counterparty and settlement risks, 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.

According to ChainCatcher, citing Jinshi News, investors are heavily buying long-term U.S. Treasury bonds ahead of Federal Reserve Chair Jerome Powell's upcoming speech at Jackson Hole, driving yields lower. Recent data has dampened market expectations for a rate cut in September. Powell faces a delicate balancing act and may avoid providing clear guidance before the August nonfarm payrolls data is released. Observers expect him to reiterate the Federal Reserve's independence from political pressure.