Japan Post Bank to Launch DCJPY Digital Yen in 2026
Japan Post Bank, whose shareholders include the Japanese government, announced plans to launch a digital yen called DCJPY by the end of fiscal 2026. The initiative aims to provide depositors with a more convenient way to conduct digital financial transactions.
The bank holds roughly 190 trillion yen ($1.29 trillion) in deposits, and this move reflects a broader trend of domestic institutions adopting blockchain technology to streamline payments. DCJPY is developed by DeCurret DCP, a unit of Internet Initiative Japan, and will be available for Japan Post Bank depositors.
Features and functionality
Once launched, depositors can convert their yen into DCJPY to execute instant transactions, including digital securities and other blockchain-based assets. According to the bank and DeCurret DCP, “Our tokenized deposit currency under consideration will offer instant, transparent transactions using blockchain technology.”
DCJPY is fully backed 1:1 by fiat yen. Unlike stablecoins, which are cryptocurrencies typically pegged to a fiat currency to maintain constant value, DCJPY functions as a blockchain-based deposit currency tied directly to actual yen deposits.
Implications for financial transactions
The introduction of DCJPY is expected to enhance transparency, speed, and security for Japan Post Bank’s depositors. By leveraging blockchain technology, the digital yen could serve as a foundation for future digital financial services, promoting innovation while maintaining stability through full fiat backing.
