Japan plans 24/7 blockchain settlement for stocks and government bonds

HUGE: Japan is planning a blockchain-based system for instant, 24/7 settlement of stocks and government bonds.
The FSA, Ministry of Finance and Bank of Japan are expected to work with financial institutions on the infrastructure.
One possibility is tokenizing BOJ bank reserves so securities and cash can settle in real time on the same system.
A development plan could be ready by early 2027, with a potential launch in the early 2030s.
This would be a major step toward moving traditional Japanese capital markets onto blockchain rails.