DeCurret DCP, the operator of the DCJPY tokenized deposit platform, has signed an agreement with JAPAN POST BANK and real estate firm Shinoken Group to run a proof of concept for payments.
The DCJPY platform went live a year ago, partnering with GMO Aozora Net Bank with a use case involving using tokenized deposits for the payment of renewable energy certificates. In September, DeCurret DCP announced a partnership with JAPAN POST, the country’s fourth largest bank. The bank has been involved in the DeCurret run Digital Currency Forum for at least four years. At the time of the September announcement, the focus was on using tokenized deposits to settle blockchain-based transactions, including for NFTs.
By contrast, with Shinoken Group, the tokenized deposits will be used for monthly rental payments. Tenants will be able to alter their payment dates for rent, gas and electricity within a range, giving them more control. Normally, monies are deducted from customers’ bank accounts on a fixed date.
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