The Japanese government plans to promote the issuance of local government bonds "on-chain," with related legislation possibly submitted in 2026.
PANews, December 23 – According to Nikkei News, the Japanese government plans to submit a bill in 2026 to promote the digital securitization of local government bonds using blockchain technology. This initiative aims to enable the rapid, intermediary-free issuance and settlement of bonds, as well as real-time access to investor information. The plan may include using regional bank-issued stablecoins to pay interest and granting investors the right to use local facilities, thus balancing financial, special, and social returns. This could open a new, low-cost path for local financing.
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