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Japan Tests Blockchain for $7.5T Bond Collateral Use

Japan Tests Blockchain for $7.5T Bond Collateral Use

Japan is testing a blockchain pilot to modernize its $7.5 trillion Japanese Government Bond collateral system. The project involves the Japan Securities Clearing Corporation, Mizuho Financial Group, Nomura Holdings, and Digital Asset Holdings, utilizing the Canton Network. Launched recently, the initiative aims to enable real-time, 24/7 cross-border transfer of JGBs while maintaining their legal status under Japanese law.

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