Japan eyes blockchain for instant stock, government bond settlement, Nikkei reports

Aug 26 : Japan is preparing to set up a payment infrastructure to enable instantaneous settlement of transactions in stocks and Japanese government bonds using blockchain technology, the Nikkei newspaper reported on Wednesday.The Financial Services Agency, the Ministry of Finance, the Bank of Japan and financial institutions will launch a study group this summer and are expected to formulate a development plan around the beginning of 2027 at the earliest, the report said. The plan is expected to cover the design of the blockchain to be used, the division of responsibilities among agencies and institutions, and a road map for future work, it added.Operations could begin within a few years, with the system potentially up and running in the early 2030s, if the plans are formally approved, the