# TradFiMeetDeFi

#JapanTokenizesGovernmentBonds
The global financial landscape has just witnessed a seismic shift as Japan officially moves toward tokenizing its national debt. The news that major Japanese banks and securities firms, led by the infrastructure provider **Progmat**, are transitioning Japanese Government Bonds (JGBs) into digital securities on the blockchain marks a definitive end to the era of "business hours only" finance.
### **The $1.6 Trillion Transformation**
Japan’s repo market is a behemoth, representing roughly **10% of global volume**. By putting these bonds on a distributed ledger, Ja