Japan plans blockchain settlement study for securities
Share
- Japan plans to study blockchain for faster stock and government bond settlement.
- Stocks currently settle in two days, while government bonds settle the next day.
- The study group aims to produce a development plan by early 2027.
Japan plans to study a blockchain system for immediate cash settlement of stocks and government bonds.
The Financial Services Agency, Finance Ministry, Bank of Japan and financial firms will join the study.
The group will study the system design and divide roles between government agencies and financial firms.
The plan could turn some bank deposits at the Bank of Japan into digital tokens for settlements.
Japanese stocks currently settle two business days after trading, while government bonds settle one day later.
The group aims to produce a development plan by early 2027, although the project still needs formal approval.
If approved, the system could begin operating in the early 2030s, according to the report.
Frequently asked questions
More from Crypto
South Korea weighs delaying crypto tax until 2029
Canada proposes stablecoin rules banning yield payments
OCC urges community banks to enter stablecoin market
ECB targets 2029 digital euro launch as legislation advances
Phantom brings Kalshi prediction markets to US users
US extradites Chinese national in $36.9 million crypto scam case
