Currency

Launch of Digital Currency DCJPY Settlement Transactions | by Norbert Gehrke | Tokyo FinTech | Aug, 2024

DeCurret DCP, GMO Aozora Net Bank, and Internet Initiative Japan announced that IIJ has started digital assetization of environmental values (digitization, storage and distribution of assets such as non-fossil certificates on the DCJPY Network’s Business Zone) and settlement transactions in the digital currency DCJPY (a digital currency in which bank deposits are tokenized on the blockchain, i.e. tokenized deposits) minted by GMO Aozora Net Bank in the DCJPY Network, a system released by DeCurret DCP for production verification this July.

Digital currencies have the potential to improve the convenience of cashless settlement, to achieve transparency and immediacy of transactions, to reduce operating cost, and to facilitate the creation of new financial services. GMO Aozora Net Bank is taking on the challenge of creating new forms of deposit accounts and currencies in anticipation of further digital transformation (DX) of society, as one of the new initiatives in its BaaS(*3) business. The Bank is taking on the role of a minting bank for the digital currency DCJPY.

IIJ, which has been providing a non-fossil certificate proxy procurement service for customers using the Shiroi Data Center Campus since October 2023, will now convert environmental values into digital assets on the blockchain and start settlement transactions through DCJPY. In addition to the existing use at the data center, IIJ will consider the possibility of secondary distribution of the digitalized environmental value, aiming to provide a new service that responds to the growing interest in carbon neutrality.

In addition to this environmental value, DeCurret DCP is also working to create a new economic sphere through publicly offered self-subscribed digital securities and DAO Fun Token services, etc. Through the provision of the DCJPY Network, DeCurret DCP will continue to contribute to a variety of business DX in the future.


Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button

SUBSCRIBE TO OUR NEWSLETTER

Get our latest downloads and information first. Complete the form below to subscribe to our weekly newsletter.


100% secure your website.