Japan to trial blockchain technology for real-time stock and bond settlements
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The Bank of Japan and associated government entities announced plans to develop a next-generation payment infrastructure utilizing blockchain technology. The project aimed to enable the instantaneous settlement of transactions for stocks and Japanese government bonds at any time of day. The framework was scheduled to launch within the next few years.
Consequences
The implementation of this technology would transition financial settlements from traditional timelines to a real-time system. This shift would provide a modernized infrastructure for trading government bonds and stocks in Japan.
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