Zenith Joins Japanese Megabank Working Group to Tokenize $1.6 Trillion JGB Repo Market On-chain

▤ Summary

Zenith joined Progmat’s Tokenized JGB / On-chain Repo Working Group alongside major Japanese banks and financial institutions. The group is studying how to move Japanese government bond collateral and repo transactions onto blockchain rails with tokenized bonds and stablecoin cash legs. The initiative targets faster settlement, 24/7 availability, lower counterparty risk, and broader access to Japan’s large repo market. Zenith will contribute to protocol design, interoperability standards, and compliant infrastructure as the working group prepares a report in October 2026 and possible issuance pilots later this year.

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