dvp - Japan FinTech Observer

digital assets

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

tokenization

Japan’s Financial Giants Unite for ‘Native’ Security Token Pilot

The Financial Services Agency (FSA) has authorized a landmark pilot program involving the country’s top five financial institutions. The initiative, part of the FSA's "Payment Innovation Project" (PIP), aims to test the viability of blockchain technology for the settlement of traditional book-entry securities, including government

tokenized deposits

Japanese Financial Consortium to Pilot First Tokenized Deposit Settlements for Security Tokens

A consortium of six major Japanese financial and technology firms—including SBI Securities, Daiwa Securities, and SBI Shinsei Bank—have announced the launch of a collaborative project to verify real-world settlement of security tokens (ST) using tokenized deposits. The initiative aims to implement a Delivery Versus Payment (DVP) settlement scheme