Jinyi Culture: Certain Technologies from Kaike Weishi's Digital RMB Products Can Be Applied to the Stablecoin Sector
Odaily Planet Daily reported that on June 27, Kingee Culture stated on its interactive platform that Kaike Weishi’s digital RMB product leverages blockchain technology to design a distributed ledger for digital currency wallets. It independently supports the core processing system for operating wallets, including vault management, full lifecycle management from wallet account opening to closure, as well as wallet classification and tiering, wallet bookkeeping and distributed reconciliation. Additionally, it utilizes blockchain-based smart contract technology to enable functions such as digital certificates, digital signatures, and encrypted storage. Some of these technologies can be applied in the stablecoin sector. (Jin10)
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Japanese life insurance companies plan to increase holdings of Japanese government bonds, and demand for super-long-term JGBs is expected to improve.
Japan Post Insurance announced plans to increase its purchases of yen-denominated bonds, while Daido Life Insurance has raised its target for domestic bond holdings, focusing mainly on corporate bonds. Meiji Yasuda Life Insurance plans to keep its holdings of Japanese government bonds largely unchanged but will swap low-yield bonds for higher-yield varieties. This week, the 20-year government bond auction recorded a historic high bid-to-cover ratio, and life insurance institutions have been net buyers of super-long-term Japanese government bonds for four consecutive months.

