Multiple Institutions in Japan Launch Digital Collateral Management Experiment for JGB on Canton Network

On April 20, Mizuho Financial Group, Nomura Holdings, Japan Securities Clearing Corporation, and Digital Asset initiated an empirical experiment for the digital collateral management of Japanese Government Bonds (JGB) based on the blockchain network Canton Network. The aim is to verify whether the transfer of JGB rights and account book updates can be successfully completed within a multi-tiered account structure under the existing transfer method framework. This experiment will interface with existing infrastructure to explore 24-hour real-time collateral transactions and cross-border collateral acceptance scenarios, without altering the legal attributes of JGB. Additionally, it will assess whether relevant regulations need to be revised to enhance collateral management efficiency and strengthen the usability of JGB in the digital asset space.