IVS 2026 Lawyers See On-Chain Finance as the Real Web3 Story
The session signals that the Web3 conversation in Japan has moved from speculative assets to regulated financial infrastructure, with major banks and legal frameworks actively building on-chain systems.
Reporting from 1 sources: 4Gamer.net.
At IVS 2026 in Kyoto, lawyers Ken Kawai and Masashi Masuda, both involved in drafting the LDP's Web3 White Paper, discussed the quiet but steady social implementation of blockchain. They highlighted stablecoins issued by banks, tokenization of government bonds and MMFs, and the growing role of AI agents, while noting that the hype around NFTs has faded.
The flashy NFT era is over, but blockchain's social implementation is accelerating quietly. At IVS 2026 in Kyoto on July 1, lawyers Ken Kawai and Masashi Masuda, both drafters of the LDP's Web3 White Paper, described a market that has matured. Kawai noted that financial institutions are now the main drivers, citing SBI Shinsei Trust Bank's yen-denominated stablecoin JPYSC, the second such case in Japan, which lacks the 1 million yen issuance limit of the earlier JPYC. He added that similar projects are underway at the three megabanks and several other institutions. The discussion covered tokenization of MMFs and government bonds, and the use of stablecoins for inter-company and inter-financial transactions like derivatives. Non-financial players, Kawai said, may find a role providing infrastructure for this shift.
Synthesized by Yomimono from the 1 cited source below, including Japanese-language reporting where cited, then editorially reviewed before publishing.