Overview

• Japan Post Bank confirmed it will introduce DCJPY in fiscal 2026 on DeCurret DCP’s private blockchain, with 1 DCJPY pegged to ¥1 and directly linked to savings accounts.
• The bank says users will convert deposits via an app and use the token for immediate settlement of digital securities, with plans to enable purchases of small-lot real estate, corporate bonds and NFTs by the end of fiscal 2026.
• DCJPY will be treated as a deposit-based digital currency subject to deposit insurance, distinguishing it from publicly traded stablecoins.
• Separately, reports indicate the FSA is likely to approve the first private yen-pegged stablecoins as early as this fall, with JPYC preparing to register to lead issuance and Monex Group exploring its own token.
• These moves arrive as markets price potential BOJ rate hikes in October or December, with long JGB yields at multi-decade highs and BTC/JPY down about 8% this month.