Japan weighs blockchain fast lane for securities cash settlement
The FSA, Finance Ministry, BOJ and financial institutions plan to study the infrastructure and produce a development plan by early 2027. Japan is reportedly preparing a blockchain-based system intended to enable immediate cash settlement of stock and Japanese government bond transactions at any time of day.
Why It Matters
This story touches on japan, plan, weighs — topics readers are actively tracking. Review and add editorial context before publishing.
Key Facts
- Fact 1: The FSA, Finance Ministry, BOJ and financial institutions plan to study the infrastructure and produce a development plan by early 2027.
- Fact 2: The group is expected to decide how the blockchain-based infrastructure will be built, divide responsibilities between public agencies and financial institutions, and produce a development plan around the beginning of 2027.
- Fact 3: If formally approved, the system could begin operating in the early 2030s.
- Fact 4: Regular equity trades in Japan settle on T+2, while domestic government bond trades settle on T+1.
The FSA, Finance Ministry, BOJ and financial institutions plan to study the infrastructure and produce a development plan by early 2027. Japan is reportedly preparing a blockchain-based system intended to enable immediate cash settlement of stock and Japanese government bond transactions at any time of day.
The Financial Services Agency, Ministry of Finance, Bank of Japan (BOJ) and financial institutions plan to establish a study group this summer, Nikkei reported Wednesday. The group is expected to decide how the blockchain-based infrastructure will be built, divide responsibilities between public agencies and financial institutions, and produce a development plan around the beginning of 2027. If formally approved, the system could begin operating in the early 2030s.
(Original synthesis pending human/AI review — generated by the stub provider by selecting real sentences from the source material, not by writing new analysis or commentary.)
Original source: Cointelegraph
Related Stories
Morning Minute: LayerZero Announces ATLAS as New Settlement Engine
The 3 catalysts that could define bitcoin's next move
ECB claims digital euro will offer 'maximum level of privacy' amid surveillance fears
