Japanese government pushes to securitize municipal bonds as digital securities…aims to submit bill next year
Summary
- It reported that the Japanese government is pushing to issue municipal bonds as blockchain-based digital securities.
- Digital securities enable rapid settlement and real-time monitoring of investor information without intermediaries.
- It said that some have mentioned the introduction of an interest payment method using stablecoins.
It was reported that the Japanese government is reportedly set to pursue measures to issue municipal bonds issued by local governments in the form of digital securities.
On the 23rd, according to virtual assets (cryptocurrencies) specialist media CoinDesk Japan, the Japanese government has begun preparations to issue municipal bonds as blockchain-based digital securities. The government is said to set specific response policies within this month reflecting requests from local governments.
Digital securities are a method of electronically managing the rights of securities using blockchain technology. They are characterized by faster issuance and settlement because they do not go through intermediaries, and by the ability to grasp investor information in real time.
The outlet said, "Digital municipal bonds can combine various benefits or elements of social contribution in addition to monetary returns," and "some have raised the idea of an interest payment method using stablecoins."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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