Japan Post Bank plans to adopt a tokenized asset network in FY2026, giving holders of 120 million accounts the ability to exchange their savings for a token that can be used for easier securities transactions, according to a new report from local outlet Nikkei.
Japan Post Bank will join the DCJPY network, according to the report, which issues a token of the same name, redeemable by partner banks at 1 yen. DCJPY was created by Japanese firm DeCurret DCP, which is backed by MUFG (Japan’s largest finance firm) among others, and the network was revealed in August of 2024.
Depositors will be able to instantly convert savings to DCJPY tokens, which can then be used to purchase tokenized securities targeting returns of around 3% to 5%, the report states. The bank, which holds more deposits on behalf of retail users than any other bank in the country, aims to attract a younger consumer base by reducing the settlement time for such transactions from days to near-instantly.
DeCurret DCP is also in talks with local governments to have subsidies and grants paid through DCJPY, digitizing local operations, the report states. So far, GMO Aozora Net Bank is the only bank announced as a minting bank for DCJPY, though it has been tested in various proofs of concept.
The deposit token functions differently from a stablecoin in that it operates on a permissioned network and represents a direct bank deposit. Nikkei also reported this month that Japan’s Financial Services Agency plans to approve its first yen-denominated domestically regulated stablecoin this fall, issued by Tokyo-based fintech company JPYC. Japan is also considering revising its tax code to promote crypto trading and open a path towards official ETF offerings.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
