CoinPost reported that asset manager SBI announced it has jointly launched a technology proof of concept (PoC) with Singapore’s DigiFT and Startale to test settlement and distribution for tokenized Japanese stock funds. The validation is being conducted on Ethereum testnet, using simulated tokens of JPYSC (a Japanese yen stablecoin issued by SBI). It focuses on on-chain settlement when subscribing to the fund and dividend payments to holders. If the test is successful, the plan could shorten the settlement time for securities transfers—normally processed over multiple business days—to seconds, while enabling automated and instant dividend payments.