Japan Post Bank to introduce tokenized deposits in 2026

Japan Post Bank (Yucho Bank) will introduce its tokenized deposit, DCJPY, in 2026, The Block reported. Customers will be able to link their bank accounts to a DCJPY account and exchange their deposited yen for the token on a one-to-one basis. The bank is also considering the future use of DCJPY for distributing local government subsidies. According to the report, DCJPY is a token based on a permissioned blockchain developed by DeCurret DCP, an affiliate of major Japanese IT firm IIJ, and is distinct from a stablecoin.