Japan Post Bank is moving toward a blockchain-based yen currency for depositors, with a launch planned by the end of fiscal year 2026.
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.
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.
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.
At the time of writing, Bitcoin is trading around $109,500, unchanged from one week ago.
