Token

Bank

2026

Partner

<p>Japan's tokenized deposit network is quietly adding members. Hokuriku Bank (<a href="https://x.com/hokurikubank_JP" rel="noopener noreferrer nofollow">@hokurikubank_JP</a>) and digital infrastructure firm DeCurret DCP have signed a basic agreement to build a commercial settlement platform on the DCJPY Network, with a target launch date in fiscal year 2027.</p>
<h2 id="what-the-deal-covers">What the deal covers</h2>
<p><cite>Hokuriku Bank, a subsidiary of Hokuhoku Financial Group, and DeCurret DCP have signed a basic agreement to commercialize a digital currency settlement platform powered by the DCJPY Network, with an official target to launch commercial services within fiscal year 2027.</cite><cite>The venture is designed to upgrade regional financial infrastructure, with the joint development team focusing on three primary areas: establishing domestic and international B2B payment protocols, enabling digital currency payroll transfers, and launching localized digital currencies for designated commercial zones.</cite></p>
<p><cite>On the technical side, the roadmap includes defining security protocols and establishing API connectivity to link the DCJPY Network directly with Hokuriku Bank's core banking systems.</cite></p>
<h2 id="dcjpy-is-not-a-stablecoin">DCJPY is not a stablecoin</h2>
<p>The distinction matters. <cite>Unlike publicly traded stablecoins, DCJPY represents actual bank deposits with guaranteed 1:1 yen redemption.</cite><cite>The tokens live on a permissioned blockchain, meaning access is restricted to authorized banks, businesses, and government institutions.</cite> The result is an instrument that carries the legal and accounting stability of a conventional deposit while gaining the programmability of a blockchain asset.</p>
<p>The DCJPY Network has been expanding steadily. <cite>DeCurret DCP has several big-name backers, including MUFG, SMBC, and SBI Holdings.</cite> The most significant participant announced to date is Japan Post Bank. <cite>Japan Post Bank's 120 million accounts, holding $1.29 trillion in deposits, will be able to use the token for easier tokenized securities settlement.</cite><cite>DeCurret DCP is also in talks with local governments to have subsidies and grants paid through DCJPY, digitizing local operations.</cite></p>
<p>The addition of Hokuriku Bank signals that the DCJPY Network is pushing beyond major city institutions and into Japan's regional banking sector, where adoption could have a more direct impact on local business payments and municipal finance.</p>
<p><strong>Sources</strong><br><a href="https://www.fintechobserver.com/hokuriku-bank-and-decurret-dcp-partner-to-commercialize-tokenized-deposit-dcjpy-by-fy2027/" rel="noopener noreferrer nofollow">Fintech Observer: Hokuriku Bank and DeCurret DCP Partner to Commercialize DCJPY by FY2027</a><br><a href="https://www.theblock.co/post/368853/japan-post-bank-eyes-2026-rollout-of-dcjpy-deposit-token-for-asset-settlement-nikkei" rel="noopener noreferrer nofollow">The Block: Japan Post Bank Eyes 2026 Rollout of DCJPY Deposit Token</a><br><a href="https://www.ledgerinsights.com/japanese-tokenized-deposit-solution-dcjpy-launches-into-production/" rel="noopener noreferrer nofollow">Ledger Insights: Japanese Tokenized Deposit Solution DCJPY Launches into Production</a></p>

Another Japanese bank plugs into the tokenized yen

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