Tokenized Deposits Go Global: Japan’s SBI Shinsei Teams Up with Partior, DeCurret

Japan’s SBI Shinsei Bank is forging a path in blockchain-powered payments through a strategic partnership with Singapore’s Partior and Japan’s DeCurret DCP. The collaboration aims to develop a multi-currency settlement system for tokenized deposits, targeting inefficiencies in traditional correspondent banking.

The initiative seeks to replace slow, costly intermediaries with a 24/7 global settlement network built on blockchain technology. DeCurret’s existing DCJPY platform, which facilitates yen-denominated deposit tokens for Japanese banks, will expand to include other major currencies. Partior, supported by financial heavyweights like JPMorgan and Standard Chartered, will integrate the Japanese yen into its existing infrastructure for USD, EUR, and SGD settlements.

SBI Shinsei will lead tokenized deposit issuance, while DeCurret bridges its DCJPY system to Partior’s network. This MOVE reflects growing institutional demand for faster, cheaper cross-border transactions—a key driver of blockchain adoption in traditional finance.