According to CoinPost, asset manager SBI announced that it has, together with Singapore’s DigiFT and Startale, launched a technical verification (PoC) aimed at testing the settlement and distribution of tokenized Japan stock funds. The validation is being conducted on an Ethereum testnet, using simulated tokens of JPYSC (the Japanese yen stablecoin issued by SBI). It focuses on testing on-chain settlement when subscribing to the fund and dividend payments to holders. If the test is successful, the scheme could shorten the transfer settlement time for securities transactions, which typically takes multiple business days, to seconds, and enable dividend automation with instant payments.