The platform is built to support stablecoins, tokenized deposits and digital securities for banks and large firms. This is a step that could change how some institutional payments settle inside Japan.
TIS is not small: it handles nearly half of domestic credit card processing and supports more than 80% of branded debit accounts.
This is a big deal.
Reports have disclosed that TIS opted to use AvaCloud so it can deploy blockchains without building and running its own infrastructure.
AvaCloud is described as offering automated scaling, real-time governance features and the reliability needed for regulated finance.
Avalanche’s fast finality and cross-chain tools were cited as reasons TIS can aim for real-time, programmable settlement between institutions.
JPYC has said it charges no transaction fees and that it earns revenue from JGB interest. That kind of model is one of the examples of how tokenized yen instruments might be structured on platforms such as TIS’s.
Banks and corporations may be able to run tokenized deposits or securities on the Multi-Token Platform if they join pilots or production programs.
That said, adoption will require clear rules about backing, custody and how tokens are redeemed into yen. Some of these details are being discussed now between issuers, service providers and market observers.
Deployment has already begun in production, according to the announcements, but broad use will take time.
Featured image from Yellow, chart from TradingView
