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CryptoMediumUpdated•Originally published 3 March 2026•Updated 3 March 2026•

1 min read

Bank of Japan Expands Blockchain Sandbox, Sets 2026 Deadline for Digital Yen Decision

Key Facts

1The Bank of Japan has launched a new blockchain settlement sandbox to test moving central bank reserve money on-chain.

3 months ago

Version History

Version 13 months ago

What changed: The Bank of Japan expanded its blockchain sandbox to include tokenized money and broader CBDC testing, while establishing a 2026 deadline for its retail digital yen decision.

The Bank of Japan (BoJ) has expanded the scope of its blockchain settlement sandbox to encompass broader experiments with central bank digital currencies (CBDC) and tokenized assets. As part of its latest technical initiatives, the central bank is actively exploring the utility of tokenized central bank money to modernize the nation's financial infrastructure. Crucially, the BoJ has now established a definitive timeline, with a final decision on the issuance of a retail digital yen expected by 2026. Market speculation remains high regarding the potential integration of the XRP Ledger (XRPL), supported by long-standing partnerships between Japanese financial institutions and Ripple. This expansion signals a significant commitment to institutionalizing distributed ledger technology (DLT) within Japan's core monetary system. These developments are viewed as a bullish signal for the broader digital asset ecosystem and the future of cross-border settlements.