The Japanese government plans to promote the securitization of municipal bonds and will submit a related bill in 2026

BlockBeats News, December 23. According to CoinDesk citing Nikkei News, the Japanese government has established a policy to promote the digitization of local government bonds issued by local governments (Security Token). The government plans to submit relevant legislation to the regular session of the Diet in 2026 and will determine specific policy directions within this month according to the needs of local governments. Experts point out that digital municipal 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 benefits, and social contributions, and is expected to serve as a tool for individual direct financing.