Japan Post Bank To Issue Digital Yen In 2026—$1.3 Trillion Deposits Go Blockchain

Japan Post Bank is moving toward a blockchain-based yen currency for depositors, with a launch planned by the end of fiscal year ￰0￱ Post Bank Taps Into Blockchain For Digital Yen As reported by Reuters , Japan Post Bank is planning to launch a digital yen in the coming ￰1￱ Post Bank is a Tokyo-headquartered bank that originally started as a postal savings system back in 1875 and today manages around 190 trillion (nearly $1.3 trillion in US dollars) in ￰2￱ fully owned by the Japanese government, the institution opened up to private shareholders in 2007, but still counts the Japanese state among its backers. Now, it seems the bank wants to bring its massive depositor base into the blockchain ￰3￱ new currency, known as “DCJPY,” will be developed by DeCurret DCP, a Japanese digital currencies platform, and will be backed 1:1 by fiat ￰4￱ two companies plan to issue the digital yen by the end of fiscal year ￰5￱ its launch, the bank’s users will be able to convert their funds into DCJPY and participate in blockchain-based ￰6￱ DCJPY will use blockchain technology, it will be different from a ￰7￱ are cryptocurrencies pegged to a fiat currency that are typically available for trading on public exchanges and other platforms.

Meanwhile, DCJPY will be a deposit-based token available within the financial system of Japan Post ￰8￱ bank isn’t the first financial institution in the country to launch a blockchain product like ￰9￱ year, GMO Aozora Net Bank also started a similar digital yen ￰10￱ of stablecoins, these cryptocurrencies have been witnessing a legislative push in Asia lately, with Hong Kong releasing its stablecoin bill at the start of August and South Korea expected to launch its framework in ￰11￱ introduced its stablecoin legislation back in ￰12￱ far, no yen-backed stablecoins have been approved, but according to a report , one could gain the green light from regulators as soon as ￰13￱ fiat-tied digital assets have recently been observing some notable growth and exploring new all-time highs (ATHs), according to data from ￰14￱ the chart, it’s visible that the stablecoin market cap saw a slump in 2022-23, but 2024 brought a reversal as growth returned in the ￰15￱ end of the year then witnessed acceleration in the metric, which has continued into 2025.

Today, the combined stablecoin market cap sits at about $282.6 billion, a fresh ￰16￱ Price At the time of writing, Bitcoin is trading around $109,500, unchanged from one week ago.