Japan Post Bank to Introduce Digital Currency in Fiscal 2026
Japan Post Bank, one of the largest banks in Japan, is set to offer its depositors a digital currency by fiscal 2026, intended for swift trading of blockchain-based financial products.
The bank aims to enhance the effectiveness of its 190 trillion yen (approximately $1.29 trillion) in deposits and reactivate accounts that have been inactive for a long time.
The digital currency, referred to as DCJPY, is being developed by DeCurret DCP, a Tokyo-based firm. Users will have the ability to link their savings accounts to this currency, which will maintain a parity of 1 yen = 1 DCJPY, facilitating instant conversions via the app. This functionality will enable investors to quickly buy and sell digital securities and other digital assets.
Japan Post Bank seeks to broaden its client demographic, currently dominated by older individuals, by appealing to younger investors. The digital currency will support trading of blockchain-based security tokens secured by assets such as real estate and bonds. These tokens have the potential to yield returns ranging from 3% to 5%. Notably, delivery and settlement processes, which conventionally take two days, will be instantaneous when utilizing digital currency technology.
Additionally, the bank is exploring options for local governments to disburse grants and aid through DCJPY. This approach will automate payment transfers to accounts and digitize public processes. DeCurret DCP is currently in discussions with local governments regarding this initiative.
A report released in April by Boston Consulting Group and Ripple predicts that the market for tokenized real-world assets will expand from $600 billion in 2025 to $18.9 trillion by 2033. This anticipated growth is seen as a significant trend that supports Japan Post Bank’s strategic plans.
This is not investment advice!
