A consortium led by Mizuho Financial Group and Nomura Holdings is assessing whether blockchain technology can improve the efficiency of Japanese government bond collateral management.
Mizuho Financial Group, Nomura Holdings, Japan Securities Clearing Corporation and Digital Asset Holdings jointly announced on April 20 the launch of a proof-of-concept trial focused on digital collateral management using Japanese government bonds. Both legal soundness and operational feasibility will be assessed during the exercise The initiative is centred on the use of blockchain technology through the Canton Network. T he proof-of-concept will examine whether the transfer of rights and u