Japan Post Bank plans to roll out a digital deposit currency by 2026, signaling a major step toward blockchain integration in Japan’s traditional banking system.
According to Nikkei, the bank will utilize DCJPY, developed by DeCurret DCP under the Internet Initiative Japan (IIJ) Group, to settle digital securities and other financial products. Account holders will be able to link a special account to their savings and swap balances 1:1 with the yen, streamlining digital asset use.
With around 120 million accounts and $1.29 trillion in deposits (as of March), Japan Post Bank could quickly become a key player in Japan’s growing digital finance ecosystem.
Unlike public stablecoins like JPYC, DCJPY is a tokenized deposit issued on a permissioned blockchain managed by regulated financial institutions. This structure ensures secure, controlled transactions aligned with Japan’s regulatory standards.
Initially, DCJPY will focus on security token settlement, but future applications may include local government subsidies. Interoperability between permissioned blockchains remains a challenge.
Analysts see this move as a milestone in mainstream blockchain adoption, potentially reshaping how deposits, securities, and payments operate in Japan’s financial sector.
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