Japanese financial services group SBI Holdings and Cambodia's central bank announced on November 13 two blockchain initiatives to modernize government bond investments and improve cross-border payments between the two countries. The first project will explore tokenizing Cambodian government bonds using the Canton Network, potentially allowing individual investors to participate with smaller amounts. The second initiative will test JPYSC, a Japanese yen-pegged stablecoin, for international money transfers, aiming to reduce reliance on traditional banking intermediaries and improve settlement efficiency. Both organizations will present preliminary findings at the Black Swan Summit in Phnom Penh on November 15–16.

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