Japan banks test first instant DCJPY tokenised DVP

Six major Japanese firms completed a trial of instant settlement for security tokens using DCJPY tokenised deposits. SBI Securities, Daiwa Securities, SBI Shinsei Bank, BOOSTRY, Osaka Digital Exchange and DeCurret DCP took part in the trial. The group tested delivery-versus-payment settlement, where the security token and the cash leg move together. The trial ran on BOOSTRY’s ibet for Fin blockchain platform, which issues and manages the security tokens. DCJPY provided the cash side as a tokenised form of bank deposits issued by SBI Shinsei Bank.

"This project includes the verification scope of DVP settlement using DCJPY in the secondary distribution of ST, with BOOSTRY leading the development and operating as the consortium secretariat.", 22 April 2026. — Project consortium statement, DeCurret DCP / BOOSTRY-led initiative 

How DCJPY and ibet for Fin connectDCJPY is a tokenised deposit system where commercial banks issue digital claims that represent yen deposits. In this trial, SBI Shinsei Bank issued DCJPY for use as the cash leg of trades. The ibet for Fin platform handled the security tokens, which represented digital bonds traded between Daiwa Securities and SBI Securities. System integration linked the token platform and the cash platform so that both legs could complete under coordinated rules. This setup created a delivery-versus-payment workflow without relying on traditional bank wire transfers.

Project aims to cut settlement riskThe project team designed the trial to reduce settlement risk in Japan’s security token market. Earlier security token deals in Japan relied on on-chain movement of tokens but still used conventional payment systems for funds. This gap meant that cash and securities sometimes settled at different times. The new workflow synchronised token and cash movements through smart contract logic and coordinated procedures. The project aims to lower operational workload and reduce administrative tasks for brokers and banks. "This project includes the verification scope of DVP settlement using DCJPY in the secondary distribution of ST, with BOOSTRY leading the development and operating as the consortium secretariat.", 22 April 2026. — Project consortium statement, DeCurret DCP / BOOSTRY-led initiative 

How DCJPY and ibet for Fin connectDCJPY is a tokenised deposit system where commercial banks issue digital claims that represent yen deposits. In this trial, SBI Shinsei Bank issued DCJPY for use as the cash leg of trades. The ibet for Fin platform handled the security tokens, which represented digital bonds traded between Daiwa Securities and SBI Securities. System integration linked the token platform and the cash platform so that both legs could complete under coordinated rules. This setup created a delivery-versus-payment workflow without relying on traditional bank wire transfers.

Project aims to cut settlement riskThe project team designed the trial to reduce settlement risk in Japan’s security token market. Earlier security token deals in Japan relied on on-chain movement of tokens but still used conventional payment systems for funds. This gap meant that cash and securities sometimes settled at different times. The new workflow synchronised token and cash movements through smart contract logic and coordinated procedures. The project aims to lower operational workload and reduce administrative tasks for brokers and banks. How DCJPY and ibet for Fin connectDCJPY is a tokenised deposit system where commercial banks issue digital claims that represent yen deposits. In this trial, SBI Shinsei Bank issued DCJPY for use as the cash leg of trades. The ibet for Fin platform handled the security tokens, which represented digital bonds traded between Daiwa Securities and SBI Securities. System integration linked the token platform and the cash platform so that both legs could complete under coordinated rules. This setup created a delivery-versus-payment workflow without relying on traditional bank wire transfers.

Project aims to cut settlement riskThe project team designed the trial to reduce settlement risk in Japan’s security token market. Earlier security token deals in Japan relied on on-chain movement of tokens but still used conventional payment systems for funds. This gap meant that cash and securities sometimes settled at different times. The new workflow synchronised token and cash movements through smart contract logic and coordinated procedures. The project aims to lower operational workload and reduce administrative tasks for brokers and banks. DCJPY is a tokenised deposit system where commercial banks issue digital claims that represent yen deposits. In this trial, SBI Shinsei Bank issued DCJPY for use as the cash leg of trades. The ibet for Fin platform handled the security tokens, which represented digital bonds traded between Daiwa Securities and SBI Securities. System integration linked the token platform and the cash platform so that both legs could complete under coordinated rules. This setup created a delivery-versus-payment workflow without relying on traditional bank wire transfers.

Project aims to cut settlement riskThe project team designed the trial to reduce settlement risk in Japan’s security token market. Earlier security token deals in Japan relied on on-chain movement of tokens but still used conventional payment systems for funds. This gap meant that cash and securities sometimes settled at different times. The new workflow synchronised token and cash movements through smart contract logic and coordinated procedures. The project aims to lower operational workload and reduce administrative tasks for brokers and banks. The project team designed the trial to reduce settlement risk in Japan’s security token market. Earlier security token deals in Japan relied on on-chain movement of tokens but still used conventional payment systems for funds. This gap meant that cash and securities sometimes settled at different times. The new workflow synchronised token and cash movements through smart contract logic and coordinated procedures. The project aims to lower operational workload and reduce administrative tasks for brokers and banks. Cryptocurrencies are highly volatile and involve significant risk. You may lose part or all of your investment. All information on Coinpaprika is provided for informational purposes only and does not constitute financial or investment advice. Always conduct your own research (DYOR) and consult a qualified financial advisor before making investment decisions. Coinpaprika is not liable for any losses resulting from the use of this information.