NewsHK
Nikkei reported this week that Japanese regulators intend to move stocks and Japanese government bonds (JGBs) to instant, around-the-clock settlement on a blockchain.
The Financial Services Agency, the Ministry of Finance, and the Bank of Japan are expected to lead the effort, with banks participating in a study group.
While the country has previously run blockchain pilots, this is the first instance of a national rollout with specific dates attached. The development work is slated to begin this summer.
A development plan is expected by early 2027, with the system potentially going live in the early 2030s. Currently, a stock trade in Tokyo takes two days to settle, while a JGB trade takes one day.
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