Svmuu News: Major Japanese banks and securities firms are advancing plans to establish a 24/7 trading mechanism for Japanese government bonds (JGBs) by 2026, and to push forward the transition of JGBs into digital securities. The plan will migrate the registration and management of JGBs to a blockchain (distributed ledger) system, enabling the on-chain processing of issuance and circulation. Additionally, a stablecoin system will be introduced at the settlement layer to achieve low-cost, high-speed fund settlement without the need for traditional bank intermediaries, thereby improving the capital efficiency of institutional investors. Furthermore, traditional securities such as bonds will be issued and traded on-chain in the form of digital securities, driving the evolution of the JGB market into an around-the-clock, programmable financial infrastructure. (Nikkei)