Kyushu Financial Group, Higo Bank, and Kagoshima Bank to jointly consider the use of digital currency

DeCurret DCP Inc., together with Higo Bank, Ltd. and Kagoshima Bank, Ltd., both of Kyushu Financial Group, Inc, are pleased to announce that they have begun joint discussions to utilize the “DCJPY Network” provided by the Company to become the first regional financial institution in the Kyushu region to handle tokenized deposits*, the “digital currency DCJPY.”

Background to the joint study

Kyushu Financial Group has been participating in the Digital Currency Forum, of which we serve as the secretariat, since August 2022 to explore the feasibility of utilizing digital currency, with the aim of addressing various social issues with advanced technologies and services, revitalizing the local economy, and promoting digital transformation.

In addition, Higo Bank and Kagoshima Bank invested in DeCurret Holdings Co., Ltd. in September 2024 and have continued discussions regarding this study.

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Joint Study Contents and Joint Study Structure

Kyushu Financial Group, Higo Bank, Kagoshima Bank, and our company will continue to study the implementation of tokenized deposits at regional institutions.

To commence this study, we will welcome seconded personnel from Kagoshima Bank in October 2025 and from Higo Bank in November, and will establish an effective joint study system.

Going forward, we will utilize the DCJPY Network to support Kyushu Financial Group, Higo Bank, and Kagoshima Bank in their wide-ranging considerations of creating new value in the local economy and in creating a system for future regional economic circulation.

SOURCE: PRTimes