: The sandbox explores domestic interbank settlements and securities settlements, aiming for instant, 24/7 transaction capabilities. Timeline and Milestones
: The BOJ is testing how blockchain technology can settle deposits that financial institutions hold at the central bank.
While the BOJ remains cautious, other major Japanese entities are moving forward with blockchain-based currencies: Bank of Japan Will Begin Experimenting With a D...
In March 2026, Governor Kazuo Ueda announced a significant expansion of the bank's digital efforts through a new . Unlike previous theoretical models, this project focuses on high-speed, real-world utility:
The (BOJ) is currently in a critical evaluation phase for its potential Central Bank Digital Currency (CBDC) , with a final decision on whether to issue a retail digital yen expected by the end of 2026. The "Blockchain Sandbox" Experiment : The sandbox explores domestic interbank settlements and
: A primary goal is connecting blockchain-based systems with existing financial infrastructure, such as the BOJ-NET settlement network.
: The bank is reviewing findings from its pilot and sandbox to determine if a public-facing digital yen is necessary for the Japanese economy. Broader Digital Shift in Japan Unlike previous theoretical models, this project focuses on
: Prototype development for blockchain settlements is scheduled to begin this quarter.