According to Nikkei, the Japanese government has finalized its policy to promote the digital securitization of local government bonds (Security Tokens). The government plans to submit a related bill to the regular Diet session in 2026 and will finalize specific policy guidelines this month based on the needs of local governments. Experts point out that digital local government bonds based on blockchain technology can achieve rapid issuance and settlement without intermediaries and can track investor information in real time. This model can combine various forms of returns, such as monetary rewards, non-monetary benefits, and social contributions, and is expected to function as a direct financing tool for individuals.