SaralnamaJapan Post Bank will launch a digital yen called DCJPY by 31 Mar 2026. DCJPY is a blockchain-based deposit currency backed 1:1 by fiat yen. It will allow Japan Post Bank's depositors to make instant digital financial transactions. Depositors can convert yen to DCJPY for quick transactions of digital securities and blockchain-based assets. Japan Post Bank holds about ₹116 lakh crore in deposits. The move is part of a trend of Japanese entities using blockchain to improve financial transactions. DCJPY differs from stablecoins as it is fully backed by fiat currency. (Updated 2 Sep 2025, 11:19 IST; source: link)
Key Points
- Japan Post Bank will launch a digital yen called DCJPY by 31 Mar 2026
- DCJPY is a blockchain -based deposit currency backed 1:1 by fiat yen
- It will allow Japan Post Bank's depositors to make instant digital financial transactions