Japan Post, one of Japan's largest banks, plans to provide depositors with digital currency in 2026, which can be used for rapid transaction of blockchain-based financial products.
Banks want to make 190 trillion yen (approximately $1.29 trillion) in deposits more effective and revive long-term accounts.
The digital currency in question is DCJPY, developed by Tokyo-based Decurret DCP. Users can link savings accounts with this currency. This currency has a unit value of 1 yen = 1 dcjpy and can be instant conversion via the app. This will allow investors to buy and sell digital securities and other digital assets faster.
Japan Post Bank is looking to expand its client base, primarily older people, along with younger investors. Digital currency encourages trading of blockchain-based security tokens backed by assets such as real estate and bonds. These tokens offer potential returns of 3% to 5%. The delivery and payment process, which usually takes two days to be delivered in the traditional way, is done instantly using digital currency technology.
The bank is also working to enable local governments to pay grants and provide assistance through DCJPY. This will automatically transfer payments to your account and digitize the public process. The DeCurret DCP is discussing the issue with local governments.
According to a report released by Boston Consulting Group and Ripple in April, the market for tokenized real-world assets will rise from $600 billion in 2025 to $18.9 trillion in 2033.
*This is not investment advice.