Multiple Japanese institutions have launched a Japanese bond digital guarantee management pilot on the Canton Network.

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Golden Finance reports that on April 20th, Mizuho Financial Group, Nomura Holdings, Japan Securities Clearing Corporation, and Digital Asset launched a pilot experiment for digital collateral management of Japanese government bonds (JGBs).
Based on the blockchain network Canton Network, the experiment aims to verify whether, within the existing transfer law framework, the transfer of JGB rights and account ledger updates can be smoothly completed in a multi-tiered account structure.
The system will be integrated with existing infrastructure, exploring 24-hour real-time collateral transactions and cross-border collateral acceptance scenarios without changing the legal attributes of JGBs, and assessing whether relevant regulations need to be revised to improve collateral management efficiency and enhance JGB usability in the digital asset field.

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