Major Japanese Financial Institutions Launch Groundbreaking Digital Government Bond Management Pilot

Mizuho Financial Group, Nomura Holdings, Japan Securities Clearing Corporation, and Digital Asset have jointly launched a proof-of-concept experiment for digital collateral management of Japanese Government Bonds (JGBs). Utilizing a distributed ledger network, the pilot tests multi-tiered account transfers under current law, explores 24/7 real-time and cross-border collateral scenarios, and evaluates regulatory needs to boost JGB management efficiency and digital asset utility.

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ByteDance Executive Clarifies Profit Figures: Core Business Remains Strong, Growth Trajectory Intact

ByteDance's Vice President Li Liang addressed recent rumors of a sharp profit decline. He clarified that the figures were calculated under specific accounting standards, including non-operational factors like preferred shares, and do not reflect true operational performance. Excluding these, overall revenue and profit continue to grow, with core e-commerce and new businesses showing positive trends.

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