
Bank of Japan Governor Kazuo Ueda reveals a new blockchain experiment aimed at integrating blockchain into interbank settlements and stablecoin integration for deposits.
The Bank of Japan has introduced a blockchain-based sandbox to explore the use of blockchain for settling current account deposits and interbank transactions. The experiment, revealed at FIN/SUM 2026, will also explore potential integration with stablecoins issued by megabanks. Governor Kazuo Ueda emphasized ongoing efforts to pilot a retail CBDC and Japan's participation in Project Agorá to test tokenized wholesale central bank deposits for cross-border payments.