According to Nikkei News, the Japanese government has determined a policy to promote the digital securitization of local bonds issued by local governments (Security Token). The government plans to submit a related bill to the regular Diet in 2026 and will determine specific countermeasures based on local government needs within this month.
Experts point out that digital local bonds based on blockchain technology can achieve rapid issuance and settlement without intermediaries, and can provide real-time investor information. This model can combine various forms of returns, such as monetary returns, non-monetary benefits, and social contributions, and is expected to serve as a tool for direct financing for individuals.