Japan’s SBI Shinsei Bank is in discussions with Partior to explore cross border tokenized deposit payments. DeCurret DCP, the founder of DCJPY, the Japanese tokenized deposit network, is also part of the talks.
They are exploring a multi currency clearing and settlement network using Partior’s DLT platform. Partior’s participating settlement banks include DBS, Deutsche Bank, JP Morgan and Standard Chartered. The idea is that SBI Shinsei will tokenize deposits on the DCJPY network and connect DCJPY to Partior.
So far Partior supports almost instant 24/7 cross border payments in USD, EUR and SGD, and with this collaboration is looking to add the Japanese yen, a top five global currency. In mid 2023 we exclusively reported that Deutsche Bank and SMBC were planning to join Partior. While it took Deutsche Bank another 18 months to formally invest, there was no mention of SMBC in today’s announcement.
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