Tokenized deposits are bank-issued digital liabilities on a blockchain that enable near-instant, low-cost cross-border clearing. SBI Shinsei, DeCurret and Partior aim to build a multicurrency settlement network that issues and settles tokenized deposits in real time across yen, USD, EUR and SGD.
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SBI Shinsei will expand tokenized deposits beyond the yen.
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DeCurret will connect its DCJPY issuance platform to Partior’s international rails for cross‑border clearing.
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Partior will integrate yen support into its multicurrency settlement network used by major banks.
Tokenized deposits enable banks to issue digital cash-like liabilities on blockchains for faster cross-border payments. Learn how SBI Shinsei, DeCurret and Partior plan multicurrency settlement.
SBI Shinsei Bank, DeCurret and Partior will develop a blockchain-based settlement system for tokenized deposits in Japanese yen and other major currencies.
Japan’s SBI Shinsei Bank has partnered with Singapore-based Partior and Japan’s DeCurret DCP to explore multicurrency tokenized deposits for cross-border transactions.
The three firms signed a Memorandum of Understanding (MoU) on Tuesday, aiming to develop a blockchain-based settlement framework that supports real-time clearing in multiple currencies, according to an announcement.
DeCurret currently operates the DCJPY platform, which allows banks in Japan to issue yen-denominated tokenized deposits. SBI Shinsei plans to extend issuance to other major currencies to meet growing demand for faster international settlements.
Collaboration with Partior’s Interbank Currency Settlement Platform. Source: SBI
Related: Bitwise files for stablecoin, tokenization ETF with US SEC (plain text reference)
What are tokenized deposits and why do banks issue them?
Tokenized deposits are bank-issued digital liabilities represented on a distributed ledger that behave like deposits but can settle peer-to-peer in near real time. Banks issue tokenized deposits to reduce settlement times, lower correspondent banking costs and enable programmable payments for corporate and institutional flows.
How will SBI Shinsei, DeCurret and Partior divide responsibilities?
The MoU outlines distinct roles: SBI Shinsei focuses on issuance strategy and distribution, DeCurret will bridge its DCJPY issuance rails to Partior, and Partior will integrate yen support into its multicurrency settlement network. The partners plan to finalize a formal collaboration agreement after detailed role definition.
When will multicurrency real-time clearing be available?
The announcement signals the start of design and integration phases rather than a production launch. The firms will begin technical and regulatory discussions immediately; timelines depend on testing, compliance approvals and institutional onboarding.
How does the Partior network compare to DCJPY?
Partior already supports US dollars, euros and Singapore dollars and connects major global banks for interbank settlement. DeCurret’s DCJPY is focused on yen-denominated tokenized deposits inside Japan. Integrating DCJPY into Partior would create a broader multicurrency fabric for cross-border tokenized clearing.
| Feature | Partior | DeCurret (DCJPY) |
|---|---|---|
| Supported currencies | USD, EUR, SGD (adding JPY) | JPY (yen tokenized deposits) |
| Primary use | Multicurrency interbank clearing | Domestic yen issuance and settlement |
| Institutional adoption | Major global banks (e.g., JP Morgan, DBS, Deutsche Bank, Standard Chartered) | Japanese banks and local financial institutions |
Why could this initiative replace correspondent banking for some flows?
By using distributed ledger technology to settle tokenized deposits directly between banks, the initiative could reduce reliance on correspondent accounts, lowering counterparty credit exposure and shortening settlement windows. Firms cite potential cost savings and improved liquidity efficiency for cross-border wholesale flows.
Project context: This work aligns with broader industry efforts such as the Bank for International Settlements’ Project Agora and Singapore’s Project Guardian, both of which explore linking tokenized commercial bank deposits to wholesale central bank money and improving tokenized settlement across jurisdictions.
Frequently Asked Questions
What is DCJPY and how does it work?
DCJPY is DeCurret’s platform for issuing yen-denominated tokenized deposits that banks can use for intraday and cross-bank settlement. It mints digital deposit tokens backed by participating banks’ liabilities and operates on a permissioned ledger for regulated interbank use.
Can tokenized deposits settle 24/7?
Yes. The objective of the SBI Shinsei–DeCurret–Partior collaboration is to enable a 24/7 settlement network, allowing real-time clearing outside traditional banking hours, subject to regulatory and operational approvals in each jurisdiction.
How will regulators be involved?
Regulatory engagement is required for legal recognition of tokenized deposits, settlement finality and anti-money-laundering compliance. The partners will coordinate with relevant Japanese and international authorities during integration and testing phases.
Key Takeaways
- Multicurrency ambition: SBI Shinsei aims to expand beyond yen issuance to USD, EUR and SGD.
- Complementary roles: DeCurret provides DCJPY rails; Partior supplies multicurrency settlement infrastructure.
- System impact: If adopted, tokenized deposits could reduce correspondent banking reliance and speed cross-border settlement.
Conclusion
The MoU among SBI Shinsei, DeCurret and Partior represents a pragmatic step toward commercially viable tokenized deposits and multicurrency instant settlement. The partnership prioritizes technical integration, regulatory alignment and bank adoption, and could reshape cross-border liquidity flows if trials and approvals succeed. Monitor official announcements from the parties for updates.
