SBI Shinsei Bank will issue a digital currency for corporate clients in fiscal 2026, becoming the first Japanese bank to join JPMorgan Chase’s blockchain-based Partior network.
Nikkei reported that the move aims to deliver near-instant international transfers at significantly lower cost than today’s systems.
DCJPY Aims to Cut Fees and Speed Transfers
Last year, the Financial Stability Board said that sending $200 abroad carried an average global fee of 6.4 percent. Current cross-border payments can take days to settle and involve multiple correspondent banks. By contrast, Partior completed a US-Singapore dollar interbank transfer in two minutes. SBI Shinsei’s participation will allow Japanese companies to access faster and cheaper international transactions around the clock.
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The bank will issue DCJPY, a digital yen developed by DeCurret DCP under the Internet Initiative Japan group….
