Mizuho is one of the two megabank participants (alongside Nomura) named in the April 2026 tokenised JGB collateral trial on the Canton Network coordinated with JSCC and Digital Asset. Mizuho was previously announced as a participant in the FSA Japan Payment Innovation Project (PIP) sandbox. Mizuho is also a long-running participant in Japanese megabank tokenisation consortia, including the trust-issuance work that has produced Progmat-format stablecoin and tokenised-asset products; the consolidated cross-product picture is not surfaced in current raw entries.
Role in tokenisation
- PIP sandbox participant alongside Nomura.
- Megabank counterparty in the tokenised JGB collateral trial on Canton Network.
Recent activity
- 20 Apr 2026. Joint announcement with Nomura, JSCC and Digital Asset of the Canton tokenised JGB collateral trial.
Open questions
- Mizuho's role in any current Progmat trust-issuance products is not surfaced in raw entries this period.
- Whether Mizuho's tokenised-deposit activity is settled on Canton or on a separate consortium ledger.