MUFG Bank, Ltd.

Gold isn't widely used in transactions, nor is it likely to be for obvious reasons.

But according to a note last week from MUFG Bank, it recently surpassed the dollar as the world's leading central bank reserve asset.

Lastly, cryptocurrency plays only a negligible reserve role.

For the most part, the world is probably stuck with the dollar for now.

And on Gaia, we established a blended finance platform with the objective of offering long-term loans.

And we're doing that with great partners, with MUFG Bank out of Japan and SynDev Canada as well, two organizations that we've got long relationships with and are seeking to do well with.

So that's an example of how we do it.

And perhaps just one final point is Bixoc Capital can be so flexible.

Progmat is the systems integrator who curates and creates this working group for all these different FIs in Japan.

You've got the Japanese Stock Exchange, Osaka Stock Exchange, BlackRock Japan, State Street Japan, MUFG, SBI, Mizuho.

Sumitomo Corporation, down the list of every major Japanese bank you could name, they're almost all participating here.

And the end goal state is to tokenize Japanese repo markets, something like 16 trillion in volume annually.

And I guess from an investor perspective or a return on capital, where do you think investors are most underestimating the opportunity?

Back in January, between Hitachi and Mitsubishi Bank, we have signed an overall global agreement to look at financing assets for charging infrastructure.

And now we had also some projects where we applied this model, for instance, in the UK with First Group.

And why I would say that there is a need is really this kind of SPV vehicle that you can build up to finance assets on behalf of commercial operators of buses, for instance, and trucks.

How about Deutsche Bank? Right at New Yearly Highs.

How about a couple of Japanese banks? Mitsubishi Financial.

Symbol MUFG.

New Yearly High.