Japan's SBI Shinsei Bank joins JPMorgan Chase to issue token deposits online

SBI Xinsheng Bank will issue digital yen DCJPY to corporate customers in 2026, becoming the first Japanese bank to join JPMorgan Chase Partior blockchain network. The move aims to achieve near-instant international transfers at a lower cost, in stark contrast to the current day-consuming and expensive system. DCJPY is linked to the 1:1 yen and will simplify the corporate settlement process under supervision. Japan Post Bank also plans to adopt DCJPY, which could significantly expand its ecosystem.