Japan’s Banks Explore Multicurrency Tokenized Deposits

[madmax]

Japan’s SBI Shinsei Bank, DeCurret DCP, and Singapore’s Partior have signed an MoU to explore blockchain-based multicurrency tokenized deposits for cross-border payments.

Key points:

Aim: Create a real-time, 24/7 settlement system across multiple currencies.

SBI Shinsei focuses on issuance, DeCurret connects DCJPY to Partior, Partior integrates yen support.

Could offer a faster, cheaper alternative to traditional correspondent banking.

This initiative highlights how distributed ledger technology is reshaping global banking and international transactions.