Japan Post Bank plans to roll out a digital yen by the end of fiscal 2026, aiming to give its depositors easier access to digital transactions. The bank, which manages about ¥190 trillion ($1.29 trillion) in deposits and is partly owned by the Japanese government, will introduce DCJPY, a blockchain-based deposit currency developed by DeCurret DCP.
- Once live, customers will be able to convert yen deposits into DCJPY for instant settlement of digital securities and other blockchain-linked assets.
- The currency will be backed 1:1 by fiat yen, offering transparency and speed, and is distinct from stablecoins, which are typically pegged to fiat but not issued directly as deposit-backed money.
The info comes via Japan media (JiJi)
This article was written by Eamonn Sheridan at investinglive.com.
