Japan Post Bank to Launch Tokenized Yen by 2026 for 120 Million Customers

Japan Post Bank is set to revolutionize its financial services with the introduction of DCJPY, a tokenized deposit currency, by fiscal year 2026. This MOVE will grant 120 million account holders access to blockchain-based transactions, backed by the bank's $1.29 trillion in deposits.

The digital currency will operate on a permissioned blockchain developed by DeCurret DCP, enabling near-instant settlement of digital securities and other blockchain assets. Unlike publicly traded stablecoins, DCJPY represents actual bank deposits with guaranteed 1:1 yen redemption, ensuring stability and trust.

This initiative marks Japan's largest retail banking foray into tokenized finance, potentially accelerating blockchain adoption across the country's financial sector. With government backing and an extensive branch network, Japan Post Bank is poised to bridge traditional banking and digital asset infrastructure.

The development of DCJPY aligns with broader Japanese efforts in digital currency, including the Bank of Japan's ongoing central bank digital currency trials. This private sector initiative could pave the way for widespread institutional adoption of blockchain technology.