JSCC, Mizuho and Nomura test JGBs as digital collateral
The Japan Securities Clearing Corporation (JSCC), Mizuho Financial Group, Nomura Holdings, and Digital Asset Holdings launched a proof-of-concept (PoC) trial on 20 April 2026. The trial tests Japanese government bonds (JGBs) — debt securities issued by Japan's government — as digital collateral. A PoC is a small-scale test to confirm whether a technology works in practice. Digital Asset Holdings built the blockchain platform used in the trial.
Canton Network selected as the blockchain platformThe four institutions run the trial on the Canton Network, a blockchain built for institutional financial use. A blockchain is a shared digital ledger that records transactions without a central authority. Digital Asset Holdings developed Canton Network. The network processes collateral transfers between financial institutions. Note: The description "the only blockchain purpose-built for institutional finance" is Canton Network's own characterisation and is not independently verified.
"Launch of proof-of-concept trial for digital collateral management using Japanese government bonds (JGBs) — Enhancing 24/7 cross-border collateral transactions using blockchain technology", 20 April 2026. — Japan Securities Clearing Corporation — JPX official press release, 20 April 2026
FSA backed the project in February 2026Japan's Financial Services Agency (FSA) selected this initiative in February 2026. The FSA is Japan's primary financial regulator. It included the project in its Payment Innovation Project, part of the country's broader FinTech proof-of-concept hub programme.
Trial targets 24/7 transfers and legal reviewThe PoC aims to enable real-time collateral transactions around the clock and across borders. Traditional collateral transfers operate within fixed business hours. The trial also tests legal compatibility under Japan's Book-Entry Transfer Act and the Financial Instruments and Exchange Act. Both laws govern how securities are held and traded in Japan. The institutions plan to assess whether existing legislation requires changes to support blockchain-based collateral management. The 24/7 target is an objective of the trial, not a feature already in operation. The four institutions run the trial on the Canton Network, a blockchain built for institutional financial use. A blockchain is a shared digital ledger that records transactions without a central authority. Digital Asset Holdings developed Canton Network. The network processes collateral transfers between financial institutions. Note: The description "the only blockchain purpose-built for institutional finance" is Canton Network's own characterisation and is not independently verified.
"Launch of proof-of-concept trial for digital collateral management using Japanese government bonds (JGBs) — Enhancing 24/7 cross-border collateral transactions using blockchain technology", 20 April 2026. — Japan Securities Clearing Corporation — JPX official press release, 20 April 2026
FSA backed the project in February 2026Japan's Financial Services Agency (FSA) selected this initiative in February 2026. The FSA is Japan's primary financial regulator. It included the project in its Payment Innovation Project, part of the country's broader FinTech proof-of-concept hub programme.
Trial targets 24/7 transfers and legal reviewThe PoC aims to enable real-time collateral transactions around the clock and across borders. Traditional collateral transfers operate within fixed business hours. The trial also tests legal compatibility under Japan's Book-Entry Transfer Act and the Financial Instruments and Exchange Act. Both laws govern how securities are held and traded in Japan. The institutions plan to assess whether existing legislation requires changes to support blockchain-based collateral management. The 24/7 target is an objective of the trial, not a feature already in operation. "Launch of proof-of-concept trial for digital collateral management using Japanese government bonds (JGBs) — Enhancing 24/7 cross-border collateral transactions using blockchain technology", 20 April 2026. — Japan Securities Clearing Corporation — JPX official press release, 20 April 2026
FSA backed the project in February 2026Japan's Financial Services Agency (FSA) selected this initiative in February 2026. The FSA is Japan's primary financial regulator. It included the project in its Payment Innovation Project, part of the country's broader FinTech proof-of-concept hub programme.
Trial targets 24/7 transfers and legal reviewThe PoC aims to enable real-time collateral transactions around the clock and across borders. Traditional collateral transfers operate within fixed business hours. The trial also tests legal compatibility under Japan's Book-Entry Transfer Act and the Financial Instruments and Exchange Act. Both laws govern how securities are held and traded in Japan. The institutions plan to assess whether existing legislation requires changes to support blockchain-based collateral management. The 24/7 target is an objective of the trial, not a feature already in operation. FSA backed the project in February 2026Japan's Financial Services Agency (FSA) selected this initiative in February 2026. The FSA is Japan's primary financial regulator. It included the project in its Payment Innovation Project, part of the country's broader FinTech proof-of-concept hub programme.
Trial targets 24/7 transfers and legal reviewThe PoC aims to enable real-time collateral transactions around the clock and across borders. Traditional collateral transfers operate within fixed business hours. The trial also tests legal compatibility under Japan's Book-Entry Transfer Act and the Financial Instruments and Exchange Act. Both laws govern how securities are held and traded in Japan. The institutions plan to assess whether existing legislation requires changes to support blockchain-based collateral management. The 24/7 target is an objective of the trial, not a feature already in operation. Japan's Financial Services Agency (FSA) selected this initiative in February 2026. The FSA is Japan's primary financial regulator. It included the project in its Payment Innovation Project, part of the country's broader FinTech proof-of-concept hub programme.
Trial targets 24/7 transfers and legal reviewThe PoC aims to enable real-time collateral transactions around the clock and across borders. Traditional collateral transfers operate within fixed business hours. The trial also tests legal compatibility under Japan's Book-Entry Transfer Act and the Financial Instruments and Exchange Act. Both laws govern how securities are held and traded in Japan. The institutions plan to assess whether existing legislation requires changes to support blockchain-based collateral management. The 24/7 target is an objective of the trial, not a feature already in operation. The PoC aims to enable real-time collateral transactions around the clock and across borders. Traditional collateral transfers operate within fixed business hours. The trial also tests legal compatibility under Japan's Book-Entry Transfer Act and the Financial Instruments and Exchange Act. Both laws govern how securities are held and traded in Japan. The institutions plan to assess whether existing legislation requires changes to support blockchain-based collateral management. The 24/7 target is an objective of the trial, not a feature already in operation. Cryptocurrencies are highly volatile and involve significant risk. You may lose part or all of your investment. All information on Coinpaprika is provided for informational purposes only and does not constitute financial or investment advice. Always conduct your own research (DYOR) and consult a qualified financial advisor before making investment decisions. Coinpaprika is not liable for any losses resulting from the use of this information.