A new tie-up between SBI Shinsei Bank, Partior and DeCurret DCP could reshape how yen and other currencies move across borders, using blockchain-backed tokenised deposits.

The three companies have signed a memorandum of understanding to study multi-currency clearing and settlement through tokenised deposits and distributed ledger technology.

SBI Shinsei, which has a large corporate client base, is considering introducing DCJPY, a yen-denominated tokenised deposit provided by DeCurret DCP, for both corporate and retail customers while also exploring tokenised deposits in other currencies.

Partior’s digital money settlement platform is already used by banks including DBS, J.P. Morgan, Standard Chartered and Deutsche Bank and supports USD, EUR and SGD.

As part of this collaboration, JPY is expected to be added to Partior’s list of supported currencies.

DeCurret DCP plans to link its yen-denominated tokenised deposits to Partior’s international network to enable real-time settlement between JPY and other currencies, including interoperability with closed domestic chain environments.

The three companies aim to create a settlement environment that is transparent, fast and available 24/7.

They will define detailed roles with the goal of concluding a formal business collaboration agreement at an early stage.

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