Japan considers blockchain for real-time settlement in stocks, bonds

Japan is considering a pilot real-time settlement system for stocks and bonds using blockchain technology, Walter Bloomberg reported, citing Nikkei. To support the effort, Japan’s Financial Services Agency, the Ministry of Finance, the Bank of Japan, and major financial institutions plan to launch a related study group this summer. A detailed development plan is expected to be drawn up early next year, followed by operations beginning within the next few years and a broader system becoming operational in the early 2030s.