Japan

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…