Japan Advances Plan for On-Chain JGBs and 24/7 Trading

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Major Japanese banks and securities firms are advancing a plan to move Japanese government bonds onto blockchain and build a 24/7 trading mechanism by 2026. The proposal would shift bond registration and management to distributed ledger rails so issuance and circulation can be processed on-chain. A stablecoin settlement layer would aim to lower costs and speed up transfers for institutional investors.

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