Regulation· ★★★★· bullish·

Japan's Finance Ministry sets up on-chain settlement study group for JGBs

  • —First meeting of the Finance Ministry's on-chain settlement study group is set for Oct. 8
  • —JGB trades currently settle on a next-business-day basis
  • —The group includes the Bank of Japan, FSA and academics from Tokyo and Waseda universities
  • —SBI Shinsei Trust and SBI VC Trade began holding part of JPYSC stablecoin reserves in JGBs
Why it matters: Moving JGBs to on-chain settlement could accelerate the adoption of tokenized assets and stablecoins in Japan's traditional financial system.
Source: CoinPost
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