Japan Post Bank To Issue Digital Yen In 2026—$1.3 Trillion Deposits Go Blockchain

Japan Post Bank, a financial giant with roots tracing back to 1875, is set to revolutionize its operations by launching a blockchain-based digital yen by fiscal year 2026. The bank, which manages nearly $1.3 trillion in deposits, aims to integrate its vast customer base into the digital economy through the DCJPY token.

Developed in collaboration with DeCurret DCP, DCJPY will be a 1:1 fiat-backed digital currency, distinct from stablecoins. Unlike tradable stablecoins, DCJPY will function as a deposit-based token within Japan Post Bank's financial ecosystem, enabling seamless blockchain transactions for its users.

The MOVE signals a significant step toward institutional adoption of blockchain technology in traditional finance. With government backing and a legacy of trust, Japan Post Bank's pivot to digital assets could set a precedent for other financial institutions globally.