Japan’s Ministry of Finance explores tokenization of government bonds
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AI-assisted source synthesis · not an independent investigation.
A report dated October 9, 2026, stated that Japan’s Ministry of Finance held its first meeting on the tokenization of government bonds, exploring the use of blockchain to find new buyers for its record debt and evaluating the use of crypto rails to attract new investors. The meeting proposed three paths for bringing Japanese government bonds (JGBs) onto the blockchain: first, transferring the beneficial interests of money market funds that invest in JGBs; second, moving the ledger onto the blockchain within the existing book-entry settlement system; and third, issuing on-chain government bonds outside the existing settlement system. The report so far has disclosed only the above proposals and evaluation directions, without stating which path will ultimately be adopted.
AI-written from reports · updated 8 days ago
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- CryptopolitanJapan’s Ministry of Finance explores using blockchain to find new buyers for record debt
Japan’s Ministry of Finance held its first meeting on the tokenization of government bonds, proposing three paths for bringing Japanese government bonds (JGBs) onto the blockchain and assessing the use of crypto rails to attract new investors. The proposals include transferring beneficial interests in money market funds investing in JGBs, moving the ledger on-chain within the existing book-entry settlement system, or issuing on-chain government bonds outside the existing settlement framework.