Japan weighs blockchain fast lane for securities cash settlement

cointelegraph2026-08-26 tarihinde yayınlandı2026-08-26 tarihinde güncellendi

Özet

Japan is reportedly planning to develop a blockchain-based system to enable 24/7 immediate cash settlement for securities transactions, including stocks and government bonds. A study group involving the Financial Services Agency, Ministry of Finance, Bank of Japan (BOJ), and financial institutions will be formed this summer. The group aims to design the blockchain infrastructure, assign roles between public and private entities, and create a development plan by early 2027. If approved, the system could launch in the early 2030s. It would involve converting a portion of banks' BOJ deposits into digital tokens for interbank settlement on the blockchain. Currently, regular equity trades in Japan settle on a T+2 basis, while government bond trades settle on T+1.

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.

The proposed system would convert some of the deposits banks hold in BOJ current accounts into digital tokens that could circulate on the blockchain for interbank settlement.

Regular equity trades in Japan settle on T+2, while domestic government bond trades settle on T+1.

Related: Laser Digital gets Japan’s first crypto exchange approval in 4 years

İlgili Sorular

QWhat is Japan reportedly planning to develop for securities settlement, and what key technology will it use?

AJapan is reportedly planning to develop a system for immediate cash settlement of stock and Japanese government bond transactions. The system will be built on blockchain technology.

QWhich major Japanese institutions are involved in the planned study group for this settlement system?

AThe planned study group involves the Financial Services Agency, the Ministry of Finance, the Bank of Japan (BOJ), and various financial institutions.

QWhat is the proposed function of digital tokens in this new blockchain-based system?

AThe digital tokens would be created by converting some of the deposits banks hold in BOJ current accounts. These tokens would then circulate on the blockchain to facilitate interbank settlement for securities transactions.

QWhat are the current settlement timelines (T+X) for regular equity trades and domestic government bond trades in Japan?

ACurrently, regular equity trades in Japan settle on T+2, and domestic government bond trades settle on T+1.

QWhat is the proposed timeline for the development and potential launch of this new settlement system?

AThe study group aims to produce a development plan around the beginning of 2027. If formally approved, the system could begin operating in the early 2030s.

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