The Ministry of Finance will launch a study group on on-chain applications, with real-time settlement of government bond transactions in mind, and hold its inaugural meeting on 8 October. The ministry plans to identify the issues by year-end with participation from the Bank of Japan and the Financial Services Agency.
The Ministry of Finance announced that it would establish a study group on on-chain applications, with real-time settlement of government bond transactions in mind. The inaugural meeting is scheduled for 8 October, and the group will identify the advantages and disadvantages in light of the current next-business-day settlement system.
The study group will be led by Professor Takahito Kato (加藤 貴仁) of the University of Tokyo's graduate school and others, with Chotaro Morita (森田 長太郎) invited from the private sector. The group will exchange views with the Bank of Japan and the Financial Services Agency and is expected to organize the issues by year-end.