Financial Group in Japan Launches On-Chain Collateral Management for JGBs
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On April 20, 2026, Mizuho, Nomura, Japan Securities Clearing Corporation and Digital Asset launched a PoC using the Canton Network to pilot on‑chain collateral management for Japanese government bonds (JGBs) transferable under the Book‑Entry Transfer Act. The PoC will verify legal and practical aspects of JGB transfers and aims to cut administrative workload, signaling institutional blockchain adoption, improved settlement security, and potential operational efficiencies for crypto/blockchain collateral workflows.
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- Financial firms in Japan join hands to pursue JGB collateral management in the blockchain.
- The PoC product will verify both the legal and practical perspectives of JGB transfers.
- Initiators expect the PoC to reduce administrative tasks in collateral management.
A group of financial companies in Japan, comprising Mizuho Financial Group, Inc., Nomura Holdings, Inc., Japan Securities Clearing Corporation, and Digital Asset Holdings, LLC, has announced the joint launch of a proof-of-concept (PoC) trial. The program aims to enhance collateral management by leveraging the Canton Network.
An On-Chain Solution for JGBs
According to an announcement on Monday, the PoC targets Japanese government bonds (JGBs) with rights that are transferable under the Act on Book-Entry Transfer of Corporate Bonds and Shares (“Book-Entry Transfer Act”). The announcement noted that;
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