Japanese giants choose Canton to pioneer on-chain government bonds

JSCC in this PoC is what matters — central counterparties don't run sandbox tourism, they pilot what they're actually going to clear. Canton's subnet privacy model is why institutional DLT keeps picking it over public chains: a bank's positions stay invisible to counterparties during clearing, with Daml encoding selective disclosure at the contract layer. Japan is wrapping existing collateral law under the Book-Entry Transfer Act rather than lobbying for new legislation, which is how financial infra actually ships there. The 24/7 angle hits dollar repo harder than yen: Tokyo's closing bell is when global overnight funding liquidity currently evaporates.

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