The Japanese federal government is positioning the country to become an absolute powerhouse of financial plumbing. Financial regulatory agencies are building toward a blockchain-based payment infrastructure for equities and government bonds. Currently, the plan is in development, and should it be approved, will kick off the research phase in 2027. If successful, Japan could have a federally regulated blockchain architecture that hosts stocks and bonds, accessible to all users. This news isn't the only thing that should be catching your attention. Japan has been maneuvering toward blockchain integration throughout most of the year. What else has happened in Japan the past 4 months? > ~40 banks are launching PoC of an intra-bank network for tokenized deposits > The FIEA reclassified 105 cryptocurrencies as acknowledged financial instruments, and will reduce their tax rate from (up to) 55% to 20% > The Financial Services Agency established a crypto and stablecoin division > The Japan Securities Clearing corporation kicked off a multi-entity trial using Japanese government bonds as collateral, settled on blockchain rails > The 3 largest Japanese banks are working on a stablecoin pilot together in an effort to upgrade payment systems If crypto is a global chessboard, Japan is making quiet moves that might lead to massive blockchain adoption and new market opportunities. The 2030's are going to be interesting. Solid coverage, @ParkKunwoong, this article was packed with so much information.