Japan Post Bank to Launch Digital Currency by 2026, Aiming to Mobilize Trillion-Yen in Deposits

Japan Post Bank is set to launch a digital currency token called DCJPY by 2026. This initiative aims to modernize the country’s financial infrastructure, particularly addressing inefficiencies in dormant deposits, and could unlock approximately ¥190 trillion ($1.29 trillion) currently sitting idle. The bank has partnered with DeCurret DCP for DCJPY’s development, leveraging support from ongoing privatization and strategic collaborations with entities like SBI Group. DCJPY’s impact on Japan’s financial landscape is expected to be significant, enabling more efficient asset settlements, tokenized securities, and public finance operations.