Japanese banks trial blockchain-based interbank settlement system

Japanese banks trial blockchain-based interbank settlement system

A group of nine Japanese banks are set to trial a blockchain-powered interbank settlement system developed by Fujitsu.

The field trial will see the Japanese Payments Clearing Network (Zengin-net) use a dedicated digital currency and a Fujitsu-built blockchain-based platform for interbank settlement.


The participants want to test the viability of the technology for small-scale transactions using a real-time gross settlement method.

The trial will also use a P2P money transfer platform developed by Fujitsu last year to generate the money transfers that trigger interbank funds transfer settlement.

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