The Japan Securities Clearing Corporation (JSCC), part of the Japan Exchange Group (JPX), is launching a pilot project. This project is being implemented in collaboration with Mizuho Financial Group (a banking holding company), Nomura Holdings (a brokerage firm), and Digital Asset Holdings (the developer of the Canton Network). The companies aim to test the transfer of Japanese government bonds on the blockchain while maintaining their legal status. They will also explore the integration of existing systems with the Canton blockchain infrastructure for 24/7 collateral operations. They are particularly interested in transactions without weekends, including cross-border usage.
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In Japan, government bonds will be tested as digital collateral on the Canton network.
The Japan Securities Clearing Corporation (JSCC), part of the Japan Exchange Group (JPX), is launching a pilot project. This project is being implemented in collaboration with Mizuho Financial Group (...