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Japan Eyes Blockchain for Instant Stock, Government Bond Settlement, Nikkei Reports
- On Aug 26, the Nikkei reported that Japan is preparing a blockchain-based payment infrastructure to enable instantaneous settlement for stocks and Japanese government bonds.
- Current settlement cycles require two days for stock trades and one day for JGBs, creating counterparty risk; real-time settlement would allow investors to reinvest proceeds almost simultaneously.
- The Financial Services Agency, the Ministry, and the Bank will launch a study group this summer to formulate a development plan, though no specific technology has been selected.
- Planners intend to use a wholesale system moving money between institutions that already hold central bank accounts, avoiding political resistance surrounding retail CBDCs over surveillance concerns.
- A development plan is expected by early 2027, with operational launch targeted for the early 2030s; officials note that five or six years is a standard timeline for replacing national securities infrastructure.
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Japan wants stock and bond settlement to happen instantly, on a blockchain
Japan is studying whether to move the settlement of stocks and government bonds onto blockchain infrastructure capable of running in real time around the clock, according to Nikkei, in a project involving the Financial Services Agency, the Ministry of Finance, the Bank of Japan, and the country’s three largest banks. It is the sort of […] This story continues at The Next Web
·Amsterdam, Netherlands (Kingdom of the)
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(Tokyo=Yonhap News) Correspondent Lee Do-yeon = The Japanese government and the Bank of Japan are pushing to build a system that enables the immediate 24-hour settlement of government bonds and stocks using blockchain technology...
·Seoul, Korea (the Republic of)
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Total News Sources25
Leaning Left1Leaning Right3Center6Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
C 60%
R 30%
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