Japan’s JSCC partners with Mizuho, Nomura to test government bonds on blockchain
Japan Securities Clearing Corporation is partnering with Mizuho, Nomura, and Digital Asset to test blockchain-based collateral management for Japanese government bonds.Summary
The Japan Securities Clearing Corporation (JSCC) has launched a proof-of-concept trial in collaboration with Mizuho, Nomura, and Digital Asset to explore the use of Japanese government bonds (JGBs) as collateral on the blockchain. By utilizing the Canton Network, the project aims to test the real-time transfer and management of these assets while ensuring regulatory compliance. This initiative is part of a broader push by Japan's Financial Services Agency to accelerate blockchain-based payment innovation. The project highlights an urgent industry need to modernize collateral management to keep pace with global developments, such as similar U.S. Treasury tokenization efforts and ongoing blockchain experiments in South Korea.
(Source：The Block)