The Japanese government plans to promote the digitization of local government bonds and will submit a relevant bill in 2026.

BlockBeats News, December 23rd – According to Nikkei News, the Japanese government has established a policy to promote the digitization of local government bonds issued by local governments (Security Tokens). The government plans to submit relevant legislation to the regular session of the Diet in 2026 and will determine specific policy measures based on the needs of local governments within this month. Experts point out that digital local government bonds based on blockchain technology can achieve intermediary-free rapid issuance and settlement, and can instantly grasp investor information. This model can combine various forms of rewards such as monetary returns, non-monetary rewards, and social contributions, and is expected to serve as a tool for individual direct financing.