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المشهد العربي
Japan to launch instant settlement system
Japan is planning to introduce an real-time settlement system for stocks and bonds using distributed ledger technology (blockchain) in order to reduce the time gap between trade execution and cash settlement. The government, represented by the Financial Services Agency, the Ministry of Finance, and the Bank of Japan, will form a study team for this project during the summer, with the plan to finalize the proposal by the beginning of next year. The system is expected to be implemented within a few years and to operate at full capacity by the start of the next decade, aiming to improve financial market efficiency and reduce reliance on the traditional settlement mechanism, which typically requires two business days.
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