
Japan is preparing to set up a 24/7 blockchain-based system for the exchange of securities and government bonds.
Japan has launched a public-private partnership to move the settlement of stocks and government bonds to a blockchain-based 24/7 operating system.
AI-generated summary
Japan is working to integrate digitalisation and blockchain technologies into its financial systems.
Japan, one of the world's largest economies, is also preparing to take an important step in tokenization and blockchain technology. According to the news of Japanese media Nikkei, it is planned to exchange stocks and government bonds through a blockchain-based system that works 24/7.
Public and private sectors working together
The studies are carried out together by the public and private sectors. According to the news; The Japanese Ministry of Finance, Japan Financial Services Agency (FSA), Bank of Japan (BoJ) and many banks and intermediary institutions from the private sector have come together for this project.
Targeted after 2030
It was written in the news that the necessary plan is aimed to be ready in the first quarter of 2027. In the plan; The design and features of the blockchain to be used and the responsibilities of the institutions will be determined. The system is not expected to be used until 2030.
It is stated that the infrastructure to be established will cover not only stocks and bonds, but also international money transfers in the future.
AI outlook — possibilities, not facts
The necessary plan will be drawn up in the first quarter of 2027.
Likely · Within years
The system is not expected to be operational until 2030.
Likely · Within years

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