SBI Shinsei's Token Initiative Seeks to Cut International Transaction Expenses by 12.5%

SBI Shinsei Bank has teamed up with Singapore's Partior and DeCurret DCP to form a strategic alliance focused on developing tokenized deposit solutions for international settlements. The three organizations have signed a Memorandum of Understanding (MoU) to create a framework that uses distributed ledger technology (DLT) for multi-currency clearing and settlement SBI Shinsei Bank, Partior, and DeCurret DCP Announce Strategic Partnership [ 1 ]. This collaboration plans to combine DeCurret DCP’s DCJPY tokenized deposit system with Partior’s global settlement platform, which is already in use by major institutions like J.P. Morgan, DBS, and Standard Chartered. Their joint effort aims to facilitate instant international payments, cut down on intermediary expenses, and improve transparency for both corporate and individual clients SBI Shinsei Bank Sets Sights on 24/7 Tokenized Payments Study [ 2 ].

The pilot project extends SBI Shinsei Bank’s reach from yen-based tokenized deposits (DCJPY) to other major currencies. DeCurret DCP will link its JPY tokenized deposits to Partior’s global network, enabling smooth currency exchange and settlement. Partior will add JPY to its list of supported currencies, strengthening its global banking capabilities. With a strong corporate client network, SBI Shinsei Bank aims to deliver around-the-clock access and quicker transaction processing, responding to increasing needs for streamlined cross-border payments SBI Shinsei Explores DCJPY Tokenized Deposits in Strategic Partnership [ 3 ].

This project is part of a broader trend of banks digitizing traditional deposits to enable blockchain-based transfers. DCJPY is entirely backed by real yen on a one-to-one basis and operates under regulations set by Japan’s Financial Services Agency (FSA), making it different from stablecoins such as JPYC, which run on public blockchains and are subject to other forms of oversight Bank Tokenization Global Payments [ 5 ]. Using a permissioned blockchain, DCJPY maintains regulatory compliance while benefiting from DLT efficiency. This strategy reflects global developments, as

and BNY Mellon are also piloting tokenized assets to optimize liquidity management and lower transaction expenses.

The next phase of the partnership will focus on finalizing operational details and defining responsibilities for each party. SBI Shinsei Bank expects to launch DCJPY in fiscal year 2026, while Japan Post Bank is also considering its own tokenized deposit offerings. This collaboration may become a template for merging conventional banking with digital technologies and could help shape future regulations for tokenized financial products. Experts predict that these efforts could lower the cost of international transactions by as much as 12.5%, potentially saving global businesses over $50 billion a year by 2030.

Industry experts note that tokenized deposits could have far-reaching effects on international finance. Initiatives such as the Bank for International Settlements’ (BIS) “Project Agora” and Singapore’s “Project Guardian” seek to bring together tokenized commercial and central bank deposits on unified platforms, tackling inefficiencies in traditional correspondent banking models. SBI Shinsei’s pilot supports these global moves, showing that blockchain can simplify settlements while upholding regulatory requirements. Nonetheless, there are still hurdles to address such as compatibility with older systems and the creation of consistent regulatory standards among different countries.

This trial highlights Japan’s increasing prominence in fintech advancements, with several banks and technology firms pushing forward tokenization initiatives. SBI Shinsei’s project, together with similar developments by Japan Post Bank, indicates a clear move toward digital-first banking solutions in Japan. As the adoption of tokenized assets gains momentum globally, the success of this partnership could spur wider acceptance and cement Japan’s position as a frontrunner in blending blockchain with established banking systems Bank Tokenization Global Payments [ 5 ].