SBI Shinsei, Partior, and DeCurret Collaborate on Tokenized Multi-Currency Deposits

Collaboration for Blockchain Settlement: Japan’s SBI Shinsei Bank, Singapore’s Partior, and Tokyo-based DeCurret DCP are exploring a blockchain-powered settlement system for multicurrency tokenized deposits to enhance cross-border payments.

Real-Time Payment System: The initiative aims to create a 24/7 settlement system that clears transactions in real time, potentially offering a faster and cheaper alternative to traditional correspondent banking methods.

Expansion Beyond Yen: SBI Shinsei Bank plans to issue deposits in multiple currencies, while DeCurret will integrate its DCJPY platform with Partior’s network, which already supports various currencies.

Global Tokenization Trends: The project aligns with a broader trend of global regulators and central banks accelerating tokenization efforts, as seen in initiatives like the Bank for International Settlements’ Project Agora and the European Central Bank’s digital euro project.