Another Japanese bank plugs into the tokenized yen
Hokuriku Bank and DeCurret DCP have agreed to build a commercial settlement platform on the DCJPY Network, targeting a fiscal 2027 launch for B2B payments, on-chain payroll, and local digital currencies. The move adds a regional player to a network that already counts Japan Post Bank among its members.
Japan's tokenized deposit network is quietly adding members. Hokuriku Bank (@hokurikubank_JP) and digital infrastructure firm DeCurret DCP have signed a basic agreement to build a commercial settlement platform on the DCJPY Network, with a target launch date in fiscal year 2027.
What the deal covers
Hokuriku Bank, a subsidiary of Hokuhoku Financial Group, and DeCurret DCP have signed a basic agreement to commercialize a digital currency settlement platform powered by the DCJPY Network, with an official target to launch commercial services within fiscal year 2027. The venture is designed to upgrade regional financial infrastructure, with the joint development team focusing on three primary areas: establishing domestic and international B2B payment protocols, enabling digital currency payroll transfers, and launching localized digital currencies for designated commercial zones.
On the technical side, the roadmap includes defining security protocols and establishing API connectivity to link the DCJPY Network directly with Hokuriku Bank's core banking systems.
DCJPY is not a stablecoin
The distinction matters. Unlike publicly traded stablecoins, DCJPY represents actual bank deposits with guaranteed 1:1 yen redemption. The tokens live on a permissioned blockchain, meaning access is restricted to authorized banks, businesses, and government institutions. The result is an instrument that carries the legal and accounting stability of a conventional deposit while gaining the programmability of a blockchain asset.
The DCJPY Network has been expanding steadily. DeCurret DCP has several big-name backers, including MUFG, SMBC, and SBI Holdings. The most significant participant announced to date is Japan Post Bank. Japan Post Bank's 120 million accounts, holding $1.29 trillion in deposits, will be able to use the token for easier tokenized securities settlement. DeCurret DCP is also in talks with local governments to have subsidies and grants paid through DCJPY, digitizing local operations.
The addition of Hokuriku Bank signals that the DCJPY Network is pushing beyond major city institutions and into Japan's regional banking sector, where adoption could have a more direct impact on local business payments and municipal finance.
Sources
Fintech Observer: Hokuriku Bank and DeCurret DCP Partner to Commercialize DCJPY by FY2027
The Block: Japan Post Bank Eyes 2026 Rollout of DCJPY Deposit Token
Ledger Insights: Japanese Tokenized Deposit Solution DCJPY Launches into Production
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Crypto RichRich has been researching cryptocurrency and blockchain technology for eight years and has served as a senior analyst at BSCN since its founding in 2020. He focuses on fundamental analysis of early-stage crypto projects and tokens and has published in-depth research reports on over 200 emerging protocols. Rich also writes about broader technology and scientific trends and maintains active involvement in the crypto community through X/Twitter Spaces, and leading industry events.