Japan Post Bank announced it will launch a digital yen:
Japan Post Bank announced it will launch a digital yen (DCJPY) by fiscal 2026, developed with DeCurret DCP, marking one of the biggest government-linked pushes into blockchain-based deposit currencies. Digital Yen – DCJPY is a blockchain-based deposit currency, fully backed 1:1 by fiat yen.
Unlike typical stablecoins, it is issued through the regulated banking system, making it more secure and credible. Launched by: Japan Post Bank, with shareholders including the Japanese government, in collaboration with DeCurret DCP (a subsidiary of Internet Initiative Japan). Aim is to enable instant, transparent, and convenient digital transactions for depositors, to expand the use of blockchain in mainstream finance, including digital securities and asset tokenization. Customers convert yen deposits into DCJPY tokens. These tokens can then be used for real-time transactions of digital securities and blockchain-based assets. Entirely ledgered on blockchain, ensuring traceability and transparency.
