Japan plans to put government bonds on-chain for 24-hour trading

According to ChainCatcher, citing a report by Nihon Keizai Shimbun, several major Japanese banks and securities companies plan to issue Japanese government bonds in digital securities form and manage them on blockchain in 2026, enabling 24/7 government bond trading.

Relevant institutions will introduce yen-pegged stablecoins that can circulate on blockchain for settlement, aiming to reduce settlement costs, accelerate delivery speed, and enhance institutional investors' capital efficiency. The digital government bond proposal will allow government bonds to circulate outside traditional market trading hours, with relevant infrastructure and system designs jointly promoted by financial institutions.