Japan
NADA News
Tokenization of Japanese Government Bonds: 69 Firms Propose Using 'Book-Entry Transfer JGB' System — Nikkei
- Nikkei reported on October 21 that 69 companies and industry groups finalized a joint proposal on tokenizing Japanese government bonds.
- The proposal aims to let financial institutions raise needed funds 24/7, 365 days a year, using JGBs as collateral.
- Participants reportedly include banks and securities firms, and the plan leverages Japan's existing book-entry transfer JGB ('furikae kokusai') system.