SBI Shinsei teams with Partior, DeCurret on tokenized deposits
SBI Shinsei Bank partners with Singapore‑based Partior and Japan’s DeCurret DCP to explore multicurrency tokenized deposits for cross‑border payments. The trio signed a memorandum of understanding (MoU) to develop a blockchain‑based settlement framework that targets real‑time clearing across JPY and other major currencies.
The study would link DeCurret’s DCJPY deposit‑token platform with Partior’s interbank settlement network, already used by major banks including DBS, JPMorgan, Standard Chartered and Deutsche Bank. Partior’s platform supports USD, EUR and SGD, and the partners plan to add JPY through this collaboration.
Under the plan, SBI Shinsei will assess issuing tokenized deposits in JPY and other major currencies for corporate and retail clients. DeCurret DCP will connect DCJPY to Partior’s international network, and Partior will integrate JPY support on its rails to enable cross‑border settlement.
“The three companies aim to create a settlement environment that is transparent, rapid, and available 24/7,” the firms said in a joint announcement.
If successful, the setup could provide an alternative to correspondent banking by using distributed ledger technology (DLT) to shorten settlement times and reduce costs. The work parallels public‑sector tokenization efforts such as the BIS‑led Project Agora and Singapore’s Project Guardian, which explore linking tokenized bank deposits and central‑bank money on unified ledgers for more efficient cross‑border transactions.
Next, the partners plan to define detailed roles and responsibilities and conclude a formal business collaboration agreement at an early stage.
Recommended