Major Japanese bank to launch its own digital currency in 2026
Japan Post Bank, one of the country's largest banks, announced that it will launch its own digital currency, called DCJPY, in fiscal year 2026
Japan Post Bank, one of Japan’s largest banks, announced that it will launch its own digital currency, DCJPY, in fiscal year 2026, pegged to customer deposits and at a 1-to-1 ratio with the yen.
With this move, the bank “will seek to transform dormant deposits into digital assets and attract new generations of investors.” The bank is also focused on “changing the way traditional savings relate to blockchain-based assets, such as security tokens and NFTs.”
Japan Post Bank is taking an important step toward offering new generations of investors direct access to digital assets.
The financial institution’s customers will be able to instantly convert yen to digital currency, thanks to a direct connection between traditional savings accounts and DCJPY wallets, a project by DeCurret DCP, a Tokyo-based company specializing in digital currency trading.
M.Pino
Source: cripto247
(Reference image source: Deng Xiang on Unsplash)
Visit our news channel on Google News and follow us to get accurate, interesting information and stay up to date with everything. You can also see our daily content on X/Twitter and Instagram
