SBI Shinsei Bank to Pilot Tokenized Deposits with Partior, DeCurret

Japan’s SBI Shinsei Bank has partnered with Singapore-based Partior and Japan’s DeCurret DCP to explore multicurrency tokenized deposits for cross-border transactions.

The three firms signed a Memorandum of Understanding (MoU) on Tuesday, aiming to develop a blockchain-based settlement framework that supports real-time clearing in multiple currencies, according to an announcement.

DeCurret currently operates the DCJPY platform, which allows banks in Japan to issue yen-denominated tokenized deposits. SBI Shinsei plans to expand beyond the Japanese…