DeFi· ★★★· bullish·

69 Japanese firms back tokenizing JGBs via transfer-book method

  • —The DCC working group has 69 members, including Japan's three megabanks
  • —The transfer-book method was chosen for withholding-tax exemption available to financial institutions
  • —Progmat and Digital Asset will test JGB repo trades on Canton Network
  • —The goal is 24/7 government bond trading and better repo capital efficiency
Why it matters: Tokenizing Japanese government debt could accelerate on-chain repo and draw institutions into blockchain finance.
Source: BITTIMES
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