Shoko Chukin and DCP to pilot tokenized deposits for trade settlement
- —Pilot to launch by year-end with DCP and STANDAGE
- —Settlement to use the DCJPY tokenized deposit
- —Transfer of bill-of-lading rights and payment to happen simultaneously
- —DCP estimates up to five business days saved on documentation
Why it matters: The project links electronic bills of lading to blockchain payments, speeding up trade settlement and expanding tokenized-deposit use in Japan.
Source: CoinDesk Japan