Governor Ueda Announces—Bank of Japan Begins Experiments on Blockchain-Based Demand Deposit Settlements

On March 3, Kazuo Ueda, Governor of the Bank of Japan, announced that financial institutions are progressing with sandbox experiments for settling demand deposits at the Bank of Japan using blockchain technology. This development was reported by The Block and the Nikkei, with CoinPost also covering the news following prior reports by the Nikkei. During the 'FIN/SUM 2026' event held in Tokyo, Governor Ueda delivered a speech titled 'The New Financial Ecosystem and the Role of Central Banks,' where he discussed the Bank of Japan's exploration of blockchain...