Aiming to Enhance Market Efficiency, SBI and Five Other Companies Initiate New Payment Demonstration with Tokenized Deposits

SBI Securities, Daiwa Securities, SBI Shinsei Bank, BOOSTRY, Osaka Digital Exchange (ODX), and Decurret DCP announced on the 26th that they have started a collaborative demonstration of DVP settlement for security tokens (ST) using tokenized deposits DCJPY, aimed at developing the secondary market for STs. By August 2025, they plan to conduct settlement verifications using test data, and have largely completed the system design and workflow organization for DVP settlements anticipated during the secondary trading of STs. DVP settlement is a mechanism that conditions the delivery of securities and the payment of funds on each other, ensuring that one does not occur without the other...