Japan Financial Services Agency Approves Stablecoin Trade Settlement Experiment

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On September 29, 2026, Japan's Financial Services Agency approved a new project under the "FinTech Experiment Center · Payment Enhancement Project." The initiative examines stablecoin regulation in trade settlements and evaluates legal implications, including concerns related to CFT. TradeWaltz, NTT Data, and major banks will begin collaboration in September 2026. The FSA will publish the results and regulatory findings upon completion.

BlockBeats report: On September 29, according to an announcement on the Japanese Financial Services Agency’s official website, the FSA approved the fourth support case for the "FinTech Pilot Center · Payment Enhancement Project (PIP)" on September 29, 2026, jointly applied for by TradeWaltz, NTT Data, Mizuho Bank, Mitsubishi UFJ Bank, Sumitomo Mitsui Banking Corporation, and Mitsubishi UFJ Trust and Banking Corporation.


This empirical experiment will validate the practical application of stablecoins in trade transaction settlements and examine relevant legal arguments, commencing in September 2026. Following the experiment, the Financial Services Agency will publish the results and related regulatory conclusions on its official website.

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