Several Japanese institutions have launched a digital guarantee management trial for Japanese government bonds on the Canton Network.

CoinFeed reported on April 20 that Mizuho Financial Group, Nomura Holdings, the Japan Securities Clearing Corporation, and Digital Asset launched a pilot experiment on digital collateral management for Japanese Government Bonds (JGBs). Based on the Canton Network blockchain network, the experiment verifies whether JGB rights transfers and account book updates can be smoothly completed within a multi-tiered account structure under the existing replacement law framework. The experiment will integrate the system with existing infrastructure to explore 24-hour real-time collateral transactions and cross-border collateral granting and receiving scenarios without altering the legal nature of JGBs. It will also assess whether relevant regulations need revision to improve collateral management efficiency and enhance the usability of JGBs in the digital asset field.