Japan's SBI Shinsei Bank has entered into a partnership with Singapore's Partior and Japan's DeCurret DCP to explore the use of multicurrency tokenized deposits for cross-border transactions. The collaboration aims to create a blockchain-based settlement framework that supports real-time clearing in multiple currencies. DeCurret's DCJPY platform, which facilitates yen-denominated tokenized deposits, will be integrated with Partior's multicurrency settlement infrastructure, which already supports US dollars, euros, and Singapore dollars. The partnership seeks to expand beyond the Japanese yen, with SBI Shinsei focusing on issuing tokenized deposits in other major currencies to meet the demand for faster international payments. The initiative aims to establish a 24/7 global settlement network, potentially offering an alternative to traditional correspondent banking by leveraging distributed ledger technology to reduce settlement times and costs. The three companies plan to finalize a formal business collaboration agreement soon.