Japan's government, BOJ, and financial institutions plan to build a 24/7 blockchain settlement system for bonds and stocks, with a development plan targeted for early 2027.
Regulation & Gov ·
Japan's government, central bank, and financial institutions are planning to develop a blockchain-based settlement system capable of operating around the clock for bonds and stocks. The Financial Services Agency, Ministry of Finance, Bank of Japan, and relevant market participants will form a study group this summer, with a development plan targeted for early 2027. The plan will detail blockchain architecture and governance arrangements between public and private institutions.
This initiative marks a shift in Japan's approach to blockchain infrastructure. While the country has run several financial experiments using the technology previously, this effort represents the first project with a defined implementation roadmap rather than an exploratory or time-limited trial.
Several details remain unspecified: the exact scope of assets beyond bonds and stocks, specific technical standards under consideration, whether the system will operate independently or integrate with existing settlement channels, and the full roster of participating institutions.