Japan's Liberal Democratic Party (LDP) has unveiled a strategic vision to integrate AI and blockchain technologies into the financial sector, aiming to automate and enable continuous operations in decision-making, financing, and asset management. The initiative, announced by the LDP's "Next-Generation AI and On-Chain Finance Initiative Group," designates finance as a key growth sector and outlines several measures, including the tokenization of Bank of Japan deposits and the issuance of stablecoins by major banks by March 2027.
The recommendations also emphasize the tokenization of real-world assets and propose the establishment of an "Asia Policy Dialogue Framework for AI and On-Chain Finance." Additionally, the plan includes advancing cross-border settlements using yen-denominated stablecoins to develop a "Global SC Corridor Concept." These initiatives aim to position Japan at the forefront of financial innovation and digital transformation.
Japan's LDP Proposes AI-Blockchain Financial Vision, Major Banks to Launch Stablecoin by 2027
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