Japan FSA Supports Tokenized Deposit Interbank Settlement Trial with 43 Institutions

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On-chain news from Japan’s FSA reveals a project announcement involving 43 institutions in a tokenized deposit interbank settlement trial. Starting August 20, GMO Aozora Net Bank leads the experiment under the FinTech Demonstration Experiment Center. The project, managed by DCP and ABeam Consulting, tests blockchain-based real-time settlement of tokenized deposits and stablecoins. Models include a TD host bank approach, TD-stablecoin linkage, and integration with existing systems. The goal is 7x24 settlement to reduce costs and risks.

ChainThink reports that, on August 27, according to an official announcement, GMO Aozora Bank will participate in the verification of "tokenized deposit interbank settlement" as the representative bank of the Financial Services Agency's "FinTech Proof-of-Concept Support Project."

The project, led by DCP application representatives and secretariat by ABeam Consulting, involves 43 institutions and entered the formal verification phase on August 20.

Verification focuses on leveraging blockchain to complete tokenized deposits and interbank settlements of stablecoins on-chain, aiming to achieve on-chain transaction闭环, real-time gross settlement 24/7, thereby reducing settlement costs and risks.

The solution includes the TD lead bank model, the TD and stablecoin integration model, and integration with existing settlement systems.

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