Japan Tests Government Bonds as Digital Collateral on Canton Network



Japan Securities Clearing Corp. (JSCC) announced the launch of a (proof of concept) pilot project to use Japanese government bonds as digital collateral (20/04). The project is conducted in collaboration with major financial institutions such as Mizuho, Nomura Holdings, and Digital Asset technology companies. The pilot will utilize the Canton Network blockchain to evaluate the efficiency of blockchain-based asset management.
This initiative aims to test whether government bonds can be transferred and managed on-chain while complying with bond transfer laws and financial instrument regulations in Japan. By leveraging blockchain infrastructure, JSCC hopes to deliver a real-time collateral transaction system operating 24/7. Additionally, the project will explore the potential use of this technology for more advanced cross-border transactions.
This project is part of an innovative payment program supported by Japan’s Financial Services Agency (FSA) under the FinTech Proof-of-Concept Hub scheme. The success of this pilot is expected to strengthen the fundamentals of the crypto and blockchain industry in the institutional finance sector through the adoption of real-world assets (Real World Assets). This move positions Japan as a leader in modernizing capital market infrastructure through Web3 technology in the global market.
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BlackBullion_Alpha
· 1h ago
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ybaser
· 3h ago
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ybaser
· 3h ago
To The Moon 🌕
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