Regulation· ★★★· neutral·

Japan's FSA begins drafting rules for five on-chain finance areas

  • —FSA to cover stablecoins, security tokens, DeFi/DEX, transfers and securities settlement
  • —Nomura and Securitize Japan presented proposals on legal and operational gaps
  • —Global tokenized assets topped $35 billion as of July 2026, per FSA data
  • —Interim report and public-private roadmap targeted for early 2027
Why it matters: Japan is catching up with the US and EU on tokenization rules, and its framework will shape access to Asia's largest institutional capital pool.
Source: BITTIMES
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