Japan plans to put national bonds on the blockchain for 24-hour trading

According to the Nikkei, several major banks and securities companies in Japan plan to issue Japanese government bonds in the form of digital securities and manage them on the blockchain by 2026, enabling 24/7 trading of government bonds.

Relevant institutions will introduce yen-denominated stablecoins that can circulate on the blockchain for fund settlement, aiming to reduce settlement costs, accelerate delivery speed, and enhance the efficiency of institutional investors' fund usage. The digital government bond scheme will allow government bonds to circulate outside traditional market trading hours, with relevant infrastructure and system design being jointly promoted by financial institutions.