Japan Post Bank is preparing to let customers convert their savings into a new digital token starting fiscal 2026, a move designed to accelerate trading of tokenised financial products.
The bank, which manages over USD 1.29 trillion in deposits, plans to allow near-instant settlement of securities transactions, cutting the current processing time of several days.
The digital token, named DCJPY, was developed by DeCurret DCP, a fintech backed by MUFG and other major Japanese firms.
Each token is pegged to the yen at a 1:1 ratio and operates on a permissioned network, representing a direct bank deposit rather than a traditional stablecoin issued on public blockchains.
Users will be able to convert their savings instantly into DCJPY, which can then be used to purchase tokenised securities offering yields between 3% and 5%.
Translated image (Source: X)
Japan Post Bank aims to appeal to a younger, digital-savvy audience by simplifying and speeding up financial transactions.
By allowing near-instant settlement and tokenised securities access, the bank seeks to make its services more attractive to depositors who prefer faster, digital-first solutions.
DCJPY has already been trialled in several proofs of concept, including interbank transfers and government subsidy payments, with test transactions exceeding JPY 2 billion (USD 19.9 million).
GMO Aozora Net Bank is currently the only announced minting partner for the token, though DeCurret DCP expects additional banks to join the network.
Discussions are also ongoing with local governments to facilitate payment of subsidies and grants using DCJPY.
The initiative aligns with a broader regulatory push in Japan.
Earlier this year, the Financial Services Agency approved JPYC as the country’s first regulated yen-denominated stablecoin.
Lawmakers are also reviewing tax policies to support crypto trading and exploring frameworks for digital asset ETFs.
These measures aim to modernise Japan’s financial system and encourage digital asset adoption while maintaining regulatory oversight.
Japan Post Bank’s adoption of DCJPY highlights a growing trend where conventional financial institutions explore blockchain solutions to remain competitive.
By integrating digital tokens directly into its banking infrastructure, the bank is testing whether traditional deposit systems can coexist with faster, tokenised financial products, potentially setting a model for other large-scale banks globally.
Sony Bank is launching a stablecoin pegged to the Japanese Yen in collaboration with the Layer 2 Ethereum blockchain, Soneium. This move aims to lower transaction costs and boost Japan's digital asset market, while other leaders like Justin Sun explore gas-free stablecoin solutions.
AnaisJapanese authorities intervene as USD/JPY surpasses 160, yen stabilizes around 154.5. BOJ faces dilemma: intervene or raise rates? Debt-to-GDP ratio exceeds 260%. Yen's decline may impact global currencies, Fed's stance crucial.
Xu LinBinance Launchpool will launch the 50th project Ethena (ENA). What is the valuation of Ethena (ENA)?
JinseFinanceThe decentralized exchange holds over $390 million in locked tokens as of Tuesday.
CoindeskWe've seen play-to-earn and move-to-earn, now it's time for wear-to-earn — and these 10,000 NFTs can be redeemed for distinctive physical T-shirts.
Cointelegraphearn it
链向资讯Flow announced the launch of a USD 725 million ecological fund, which will focus on games, infrastructure, DeFi, and content and creators, aiming to provide Flow ecological projects and developers with product development, product expansion, team expansion, and user acquisition. and general operational support.
链向资讯This article will talk about these innovations and how the Web3 to Earn project has more vitality.
FtftxWhat is the essence of X to Earn? Does everything really need to Earn?
链向资讯Does it look like the move-to-earn games are the next big thing in the gaming sector? Genopets and Dustland Runner, STEPN and others are making moves to make it happen.
Cointelegraph