"One of the most ambitious goals of the project is to shorten settlement times of these bonds, which are now traded and settled on the next business day. With the proposed tokenization, trading and settlement of these bonds will happen almost instantly, enhancing the"
Japan is introducing a system to enable round-the-clock trading of Japanese government bonds. The system is planned for later this year and aims to lower costs and speed up transactions involving government bonds. Tokenization is intended to move settlement from the next business day to near-instant execution, improving market liquidity. The bonds are expected to be used within the repo market, where financial institutions lend and borrow funds using the bonds as collateral. The global repo market reaches about $4 trillion daily, with Japan representing roughly 10% of that volume. A new entity will be created to carry out the tokenization effort, with Progmat serving as secretariat and major Japanese banks and securities firms participating. The project also targets expansion of Japan’s digital security market to attract large amounts of capital.
Read at news.bitcoin.com
Unable to calculate read time
Collection
[
|
...
]