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Stock impact report

Japan's Big Banks Take Government Bonds On-Chain [Yahoo! Finance]

JAPAN EXCH GRP UNSP/ADR (JPXGY) 
NASDAQ:AMEX Investor Relations: jpx.co.jp/english/corporate/investor-relations
Company Research Source: Yahoo! Finance
The experiment aims to make trading Japanese government bonds possible around the clock, both at home and abroad. The move could reshape how one of the world's largest sovereign debt markets handles collateral across borders and time zones. A Four-Way Partnership Mizuho Financial Group, Nomura Holdings, Japan Securities Clearing Corporation, and Digital Asset announced the joint experiment on Monday. They will use the Canton Network, a blockchain platform built specifically for institutional finance and capital markets. The clearing house is a wholly-owned unit of Japan Exchange Group, the country's main stock market operator. The project will check whether blockchain can handle bond ownership transfers across multiple account managers. It will also test real-time collateral exchanges between clearing houses, institutional investors, and their clients. Japanese government bonds will keep their legal status as registered securities throughout the testing period. Japan's Finan Show less Read more
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