Catenaa, Friday, September 05, 2025- Japan Post Bank is preparing to launch a blockchain-based deposit token as early as fiscal 2026, allowing its 120 million account holders to convert savings into digital deposits for faster securities transactions, Nikkei reported.
The bank will adopt the DCJPY token developed by DeCurret DCP, a Japanese fintech backed by MUFG. The token, pegged 1-to-1 with the yen and issued on a permissioned blockchain, is designed to speed up asset settlement. Customers will be able to exchange deposits for DCJPY, which can then be used to purchase tokenized securities. Expected returns on these instruments range from 3 to 5 percent, the report said.
Japan Post Bank, which manages $1.29 trillion in deposits, aims to shorten settlement times from days to nearly instant, while attracting younger customers to digital finance. The move places the bank among the first major institutions in Japan to adopt large-scale tokenized banking.
DeCurret DCP is also negotiating with local governments to allow subsidies and grants to be distributed using DCJPY, expanding its role beyond private banking. At present, GMO Aozora Net Bank is the only minting bank named in the project, though the system has undergone pilot testing.
Unlike stablecoins, the deposit token represents direct claims on bank deposits and is tied to regulated institutions. Separately, Japan’s Financial Services Agency is expected to approve the country’s first regulated yen-backed stablecoin this fall, issued by fintech company JPYC.
