Financial Services Agency to Support Pilot Project for Interbank Settlements Using Tokenized Deposits and Stablecoins

Key Points of the Article: The Financial Services Agency has decided to support a pilot project involving tokenized deposits and stablecoins. Decurret DCP, GMO Aozora Net Bank, and ABeam are participating. On the 3rd, the Financial Services Agency announced a new pilot project under the 'FinTech Demonstration Hub - Payment Innovation Project (PIP)', marking the third initiative under PIP and the fourteenth overall in the FinTech Demonstration Hub.