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Japan Post Bank Blockchain
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Japan Post Bank To Give Digital Yen Access To $1.3T Deposits

by admin September 3, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Japan Post Bank is moving toward a blockchain-based yen currency for depositors, with a launch planned by the end of fiscal year 2026.

Japan 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 year. Japan 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 deposits.

Historically 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 era. The new currency, known as “DCJPY,” will be developed by DeCurret DCP, a Japanese digital currencies platform, and will be backed 1:1 by fiat yen.

The two companies plan to issue the digital yen by the end of fiscal year 2026. After its launch, the bank’s users will be able to convert their funds into DCJPY and participate in blockchain-based transactions.

While DCJPY will use blockchain technology, it will be different from a stablecoin. Stablecoins 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 Bank.

The bank isn’t the first financial institution in the country to launch a blockchain product like this. Last year, GMO Aozora Net Bank also started a similar digital yen offering.

Speaking 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 October.

Japan introduced its stablecoin legislation back in 2022. So far, no yen-backed stablecoins have been approved, but according to a report, one could gain the green light from regulators as soon as October.

The fiat-tied digital assets have recently been observing some notable growth and exploring new all-time highs (ATHs), according to data from MacroMicro.

The trend in the stablecoin market cap over the last several years | Source: MacroMicro

From 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 space. The 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 record.

Bitcoin Price

At the time of writing, Bitcoin is trading around $109,500, unchanged from one week ago.

Looks like the price of the coin has been moving sideways since its plunge | Source: BTCUSDT on TradingView

Featured image from Dall-E, MacroMicro.com, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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September 3, 2025 0 comments
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Tokyo’s Monex Considers Launching Domestic Yen Stablecoin
Crypto Trends

Tokyo’s Monex Considers Launching Domestic Yen Stablecoin

by admin August 26, 2025



Tokyo-based publicly traded financial services company Monex Group is considering a Japanese yen-pegged stablecoin.

According to a Tuesday TV Tokyo report, Monex Group Chairman Oki Matsumoto told the outlet that the company is considering issuing a yen-pegged stablecoin in Japan.

“Issuing stablecoins requires significant infrastructure and capital, but if we don’t handle them, we’ll be left behind,” Masumoto said. He concluded:

“We will respond properly.”Oki Matsumoto. Source: Wikidata

Related: Japan’s finance Minister endorses crypto as portfolio diversifier

Monex’s upcoming stablecoin

Monex Group’s stablecoin, should it issue one, would be backed by assets such as Japanese government bonds. Like many other stablecoins, it would be redeemable 1:1 with yen and is expected to be used for purposes such as international remittances and corporate settlements.

The company plans to leverage its ownership of local crypto exchange Coincheck and its Monex securities brokerage to expand the initiative. Matsumoto further revealed that Monex is considering acquiring European crypto-related companies, hinting at a possible announcement “within a few days.”

Final negotiations for the acquisition of candidate European crypto companies are reportedly underway. This would further expand the Monex Group’s Western presence, following the public debut of Coincheck Group, Coincheck’s parent company, on the Nasdaq stock exchange at the end of last year.

Related: Japan’s ‘slow’ approval culture stifles crypto adoption: Expert

Japanese stablecoins are within arm’s reach

The news follows recent reports that Japan’s Financial Services Agency (FSA) is preparing to approve the issuance of Japanese yen-denominated stablecoins as early as this fall. This would be the first time the country has allowed a domestic fiat-pegged digital currency.

This follows Circle’s USD Coin (USDC), a US dollar-pegged stablecoin, being approved for use within Japan in late March. The report followed a cryptocurrency subsidiary of the Japanese financial conglomerate SBI developing support for USDC just as local stablecoin rules began softening.

The changes in the local stablecoin ecosystem started after Japan lifted the ban on foreign stablecoins in 2023. In February of this year, the FSA approved a report from a working group recommending policy changes that ease stablecoin-related regulations.

Magazine: Stablecoins in Japan and China, India mulls crypto tax changes: Asia Express



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August 26, 2025 0 comments
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