Mizuho Financial Group announced this week it will pilot Ripple's distributed ledger technology for use in cross-currency settlement.
Representatives from Ripple said the trial is expected to evolve to the point where real payment information, and eventually, real funds, are moved between the companies. The startup, which has raised $38.6m to date, said the test could become live before the year’s end.
That test included participation from Fujitsu and Fujitsu Laboratories and comes amid a broader exploration of blockchain technologies by Asia-based financial institutions.
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