Hokuriku Bank and DeCurret DCP Partner to Commercialize Tokenized Deposit "DCJPY" by FY2027

Hokuriku Bank, a subsidiary of Hokuhoku Financial Group, and digital infrastructure firm DeCurret DCP have signed a basic agreement to commercialize a digital currency settlement platform powered by DeCurret’s "DCJPY Network," with an official target to launch commercial services within fiscal year 2027.

The initiative centers on the deployment of "tokenized deposits"—traditional bank deposits integrated with blockchain and distributed ledger technology to enable digital, automated execution.

According to the companies, the venture is designed to upgrade regional financial infrastructure and accelerate digital transformation (DX) for local businesses. The joint development team will focus on three primary avenues: establishing domestic and international B2B payment protocols, enabling digital currency payroll transfers, and launching localized digital currencies for designated commercial zones.

On the technical front, the roadmap includes defining rigorous security protocols and establishing API connectivity to link the DCJPY Network directly with Hokuriku Bank's core banking systems. The partnership intends to mitigate the administrative overhead typically tied to legacy remittance systems while driving productivity gains across regional economies.

DCJPY Trial Launches New Era: Tokenized Deposits in Security Settlement

Since the issuance of Japan’s first digital corporate bond in 2020, the nation’s security token (ST) market has faced a persistent structural bottleneck: a “decoupled” settlement process. While blockchain technology allowed for the instantaneous transfer of assets, the “cash leg” of these transactions remained trapped in legacy banking

Japan FinTech ObserverNorbert Gehrke