<p>共享数字日元代币正从试点测试转向结构化推广计划，日本三大银行准备联合发行一种旨在企业支付和跨境结算的稳定币，并在监管监督下进行。</p>
<h2>三大银行在共享数字日元系统上达成一致</h2>
<p>日本的银行巨头——三菱 UFJ 金融集团、三井住友金融集团和瑞穗金融集团——正在接近达成基本协议，联合发行一种最初与日元挂钩的稳定币，预计稍后会推出美元版本。</p>
<blockquote>
<p>🇯🇵 日本三大银行正在推进稳定币</p>
<p>MUFG、SMBC 和瑞穗银行据报道计划在 2026 财年之前发行联合稳定币。</p>
<p>银行主导的区块链基础设施正在从理论转向实际支付基础设施，正展现在我们眼前。 pic.twitter.com/4O9Werapdw</p>
<p>— CryptosRus (@CryptosR_Us) 2026 年 6 月 9 日</p>
</blockquote>
<p>该计划是在日本金融服务局的监管下，自 2025 年 11 月以来进行的监管试点的基础上制定的，金融服务局鼓励银行开发统一系统，而不是竞争各自的代币。</p>
<p>该项目现在正从实验阶段转向协调基础设施设计，包括成立专门委员会以管理运营和商业推广。</p>
<h2>首先关注企业支付，300,000 家公司在目标范围内</h2>
<p>初步关注点明确放在商业用户而非零售消费者上。</p>
<p>三家银行的客户基础超过 300,000 家公司，为企业结算用例提供了直接的分发渠道。</p>
<p>早期实施计划包括大型企业内部和跨子公司的支付，三菱商事预计将成为首批采用者之一，利用该代币简化股息流、收购和跨境转账。</p>
<blockquote>
<p>日本三大银行将在 2026 财年推出联合日元稳定币</p>
<p>MUFG、SMBC 和瑞穗银行正在联合推出一种以日元为基础的稳定币，来自日经新闻。</p>
<p>🔹 挂钩：首先是日元，稍后可能推出美元版本</p>
<p>🔹 平台：基于 MUFG 自己的区块链 Progmat。不是 Ripple，也不是 XRP</p>
<p>🔹 覆盖范围：… pic.twitter.com/AJsfdO1oga</p>
<p>— Crypto Patel (@CryptoPatel) 2026 年 6 月 10 日</p>
</blockquote>
<p>在名为 Pax 项目的更广泛倡议下，财团的目标是在 2028 年前实现每年高达一万亿日元的企业间稳定币交易。</p>
<h2>FSA 指导的试点进入结构化推广阶段</h2>
<p>监管框架在塑造项目方向方面发挥了核心作用。</p>
<p>自 2025 年底以来，金融服务局积极参与指导其金融科技支持计划下的测试，包括促进基于区块链的结算系统的支付创新项目。</p>
<p>日本于 2022 年建立的法律框架已经承认稳定币作为仅由持牌银行和信托公司发行的数字货币。</p>
<p>这一结构使得大银行能够在受监管的环境中推进，而金融服务局对统一方法的偏好也推动了财团朝着共享发行模式发展。</p>
<h2>Progmat 平台将成为代币基础设施的支柱</h2>
<p>该稳定币将在三菱 UFJ 金融集团和 NTT 数据开发的分布式账本平台 Progmat 上运行。</p>
<p>该系统旨在为受监管的金融机构提供服务，并支持多个区块链之间的互操作性，包括以太坊、Polygon、Avalanche 和 Cosmos。</p>
<blockquote>
<p>🇯🇵 日本最大的银行三菱 UFJ 金融集团将很快通过其自己的区块链平台 Progmat 开始发行稳定币——该银行目前正在与流行稳定币的发行方进行谈判。 pic.twitter.com/wqCnNxKQSo</p>
<p>— Sjuul | AltCryptoGems (@AltCryptoGems) 2023 年 6 月 23 日</p>
</blockquote>
<p>该基础设施旨在允许参与银行之间在共享技术和法律标准下实现无缝结算，减少碎片化，并在日本的金融系统中实现标准化的企业使用。</p>
<h2>跨境扩展与全球银行竞争</h2>
<p>基于日元的代币预计最终将扩展到美元计价的结算，为国际企业支付做好准备。</p>
<p>此举正值全球银行加速推进自身的代币化存款策略。</p>
<p>摩根大通等机构已经开始在区块链网络上部署银行发行的数字代币，而美国金融科技公司也在推动面向消费者的稳定币模型。</p>
<p>这一更广泛的趋势反映出逐渐从第三方稳定币转向直接由受监管银行资产负债表发行的工具。</p>
<h2>联合代币模型的治理问题仍待解决</h2>
<p>尽管在结构和目标上越来越清晰，但关键的治理细节仍未解决。</p>
<p>目前尚不清楚三家银行是否会在一个品牌下发行单一统一的代币，还是在共享基础设施下运营各自关联的代币。</p>
<p>保管安排、储备管理和最终的跨境兼容性规则也仍在讨论中，使得财团的最终运营模式取决于未来几个月监管和技术决策的最终确定。</p>

三井住友金融

8306

瑞穗金融集团

8316

8411

三菱日联金融集团

<p>日本三大银行——三菱 UFJ 金融集团（MUFG）、三井住友银行（SMBC）和瑞穗金融集团（Mizuho）——计划在 2026 财年联合推出一种与日元挂钩的稳定币，用于企业支付。在日本金融厅（FSA）指导下，自 2025 年底以来，该项目已进行试点，目标是利用 MUFG 的 Progmat 区块链平台进行企业对企业的交易。该倡议旨在服务超过 30 万家企业客户，并有可能扩展到美元计价的结算和跨境使用，尽管治理细节仍在讨论中</p>

<p>A shared digital yen token is moving from pilot testing into a structured rollout plan, as Japan’s three biggest banks prepare to jointly issue a stablecoin designed for corporate payments and cross-border settlement under regulatory supervision.</p>
<div class="lb-trans"><p>共享数字日元代币正从试点测试转向结构化推广计划，日本三大银行准备联合发行一种旨在企业支付和跨境结算的稳定币，并在监管监督下进行。</p>
</div><h2>Three Megabanks Align On Shared Digital Yen System</h2>
<div class="lb-trans"><h2>三大银行在共享数字日元系统上达成一致</h2>
</div><p>Japan’s banking heavyweights — Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group, and Mizuho Financial Group — are nearing a basic agreement to jointly issue a stablecoin pegged initially to the yen, with a US dollar version expected later.</p>
<div class="lb-trans"><p>日本的银行巨头——三菱 UFJ 金融集团、三井住友金融集团和瑞穗金融集团——正在接近达成基本协议，联合发行一种最初与日元挂钩的稳定币，预计稍后会推出美元版本。</p>
</div><blockquote>
<p>🇯🇵 JAPAN MEGABANKS ARE MOVING ON STABLECOINS</p>
<p>MUFG, SMBC, and Mizuho are reportedly planning to issue a joint stablecoin by fiscal 2026.</p>
<p>Bank-led blockchain rails are moving from theory to real payment infrastructure, right before our eyes. pic.twitter.com/4O9Werapdw</p>
<p>— CryptosRus (@CryptosR_Us) June 9, 2026</p>
</blockquote>
<div class="lb-trans"><blockquote>
<p>🇯🇵 日本三大银行正在推进稳定币</p>
<p>MUFG、SMBC 和瑞穗银行据报道计划在 2026 财年之前发行联合稳定币。</p>
<p>银行主导的区块链基础设施正在从理论转向实际支付基础设施，正展现在我们眼前。 pic.twitter.com/4O9Werapdw</p>
<p>— CryptosRus (@CryptosR_Us) 2026 年 6 月 9 日</p>
</blockquote>
</div><p>The plan follows a regulatory pilot that has been running since November 2025 under the oversight of Japan’s Financial Services Agency, which has encouraged the banks to develop a unified system rather than competing individual tokens.</p>
<div class="lb-trans"><p>该计划是在日本金融服务局的监管下，自 2025 年 11 月以来进行的监管试点的基础上制定的，金融服务局鼓励银行开发统一系统，而不是竞争各自的代币。</p>
</div><p>The project is now shifting from experimentation to coordinated infrastructure design, including the formation of a dedicated council to manage operations and commercial rollout.</p>
<div class="lb-trans"><p>该项目现在正从实验阶段转向协调基础设施设计，包括成立专门委员会以管理运营和商业推广。</p>
</div><h2>Corporate Payments First As 300,000 Firms In Focus</h2>
<div class="lb-trans"><h2>首先关注企业支付，300,000 家公司在目标范围内</h2>
</div><p>The initial focus is firmly on business users rather than retail consumers.</p>
<div class="lb-trans"><p>初步关注点明确放在商业用户而非零售消费者上。</p>
</div><p>The combined client base of the three banks spans more than 300,000 companies, providing an immediate distribution channel for corporate settlement use cases.</p>
<div class="lb-trans"><p>三家银行的客户基础超过 300,000 家公司，为企业结算用例提供了直接的分发渠道。</p>
</div><p>Early implementation plans include internal and cross-subsidiary payments for large enterprises, with Mitsubishi Corporation expected to be among the first adopters, using the token to streamline dividend flows, acquisitions, and cross-border transfers across its global network.</p>
<div class="lb-trans"><p>早期实施计划包括大型企业内部和跨子公司的支付，三菱商事预计将成为首批采用者之一，利用该代币简化股息流、收购和跨境转账。</p>
</div><blockquote>
<p>Japan's Big 3 Banks To Launch Joint Yen Stablecoin By FY2026</p>
<p>MUFG, SMBC and Mizuho are joining forces on a yen-backed stablecoin, per Nikkei.</p>
<p>🔹 Peg: Yen first, dollar version possible later</p>
<p>🔹 Platform: Built on Progmat, MUFG's own blockchain. Not Ripple, not XRP</p>
<p>🔹 Reach:… pic.twitter.com/AJsfdO1oga</p>
<p>— Crypto Patel (@CryptoPatel) June 10, 2026</p>
</blockquote>
<div class="lb-trans"><blockquote>
<p>日本三大银行将在 2026 财年推出联合日元稳定币</p>
<p>MUFG、SMBC 和瑞穗银行正在联合推出一种以日元为基础的稳定币，来自日经新闻。</p>
<p>🔹 挂钩：首先是日元，稍后可能推出美元版本</p>
<p>🔹 平台：基于 MUFG 自己的区块链 Progmat。不是 Ripple，也不是 XRP</p>
<p>🔹 覆盖范围：… pic.twitter.com/AJsfdO1oga</p>
<p>— Crypto Patel (@CryptoPatel) 2026 年 6 月 10 日</p>
</blockquote>
</div><p>Under a broader initiative known as Project Pax, the consortium is targeting up to one trillion yen in annual business-to-business stablecoin transactions by 2028.</p>
<div class="lb-trans"><p>在名为 Pax 项目的更广泛倡议下，财团的目标是在 2028 年前实现每年高达一万亿日元的企业间稳定币交易。</p>
</div><h2>FSA Guided Pilot Moves Into Structured Rollout</h2>
<div class="lb-trans"><h2>FSA 指导的试点进入结构化推广阶段</h2>
</div><p>The regulatory framework has played a central role in shaping the direction of the project.</p>
<div class="lb-trans"><p>监管框架在塑造项目方向方面发挥了核心作用。</p>
</div><p>Since late 2025, the Financial Services Agency has been actively involved in guiding testing under its fintech support programme, including the Payment Innovation Project, which promotes blockchain-based settlement systems.</p>
<div class="lb-trans"><p>自 2025 年底以来，金融服务局积极参与指导其金融科技支持计划下的测试，包括促进基于区块链的结算系统的支付创新项目。</p>
</div><p>Japan’s legal framework, established in 2022, already recognises stablecoins as digital money issued only by licensed banks and trust companies.</p>
<div class="lb-trans"><p>日本于 2022 年建立的法律框架已经承认稳定币作为仅由持牌银行和信托公司发行的数字货币。</p>
</div><p>This structure has allowed the megabanks to progress within a regulated environment, while the FSA’s preference for a unified approach has helped push the consortium towards a shared issuance model.</p>
<div class="lb-trans"><p>这一结构使得大银行能够在受监管的环境中推进，而金融服务局对统一方法的偏好也推动了财团朝着共享发行模式发展。</p>
</div><h2>Progmat Platform Set To Anchor Token Infrastructure</h2>
<div class="lb-trans"><h2>Progmat 平台将成为代币基础设施的支柱</h2>
</div><p>The stablecoin will operate on Progmat, a distributed ledger platform developed by Mitsubishi UFJ Financial Group and NTT Data.</p>
<div class="lb-trans"><p>该稳定币将在三菱 UFJ 金融集团和 NTT 数据开发的分布式账本平台 Progmat 上运行。</p>
</div><p>The system is designed for regulated financial institutions and supports interoperability across multiple blockchains, including Ethereum, Polygon, Avalanche, and Cosmos.</p>
<div class="lb-trans"><p>该系统旨在为受监管的金融机构提供服务，并支持多个区块链之间的互操作性，包括以太坊、Polygon、Avalanche 和 Cosmos。</p>
</div><blockquote>
<p>🇯🇵 Japan's largest bank Mitsubishi UFJ Financial Group will soon begin issuing stablecoins through it's own blockchain platform Progmat - the bank is currently negotiating with issuers of popular stablecoins. pic.twitter.com/wqCnNxKQSo</p>
<p>— Sjuul | AltCryptoGems (@AltCryptoGems) June 23, 2023</p>
</blockquote>
<div class="lb-trans"><blockquote>
<p>🇯🇵 日本最大的银行三菱 UFJ 金融集团将很快通过其自己的区块链平台 Progmat 开始发行稳定币——该银行目前正在与流行稳定币的发行方进行谈判。 pic.twitter.com/wqCnNxKQSo</p>
<p>— Sjuul | AltCryptoGems (@AltCryptoGems) 2023 年 6 月 23 日</p>
</blockquote>
</div><p>This infrastructure is intended to allow seamless settlement between participating banks under shared technical and legal standards, reducing fragmentation and enabling standardised corporate use across Japan’s financial system.</p>
<div class="lb-trans"><p>该基础设施旨在允许参与银行之间在共享技术和法律标准下实现无缝结算，减少碎片化，并在日本的金融系统中实现标准化的企业使用。</p>
</div><h2>Cross Border Expansion And Global Bank Competition</h2>
<div class="lb-trans"><h2>跨境扩展与全球银行竞争</h2>
</div><p>The yen-based token is expected to eventually extend into dollar-denominated settlement, positioning it for international corporate payments.</p>
<div class="lb-trans"><p>基于日元的代币预计最终将扩展到美元计价的结算，为国际企业支付做好准备。</p>
</div><p>The move comes as global banks accelerate their own tokenised deposit strategies.</p>
<div class="lb-trans"><p>此举正值全球银行加速推进自身的代币化存款策略。</p>
</div><p>Institutions such as JPMorgan have already begun deploying bank-issued digital tokens across blockchain networks, while US fintech firms are also pushing into consumer-facing stablecoin models.</p>
<div class="lb-trans"><p>摩根大通等机构已经开始在区块链网络上部署银行发行的数字代币，而美国金融科技公司也在推动面向消费者的稳定币模型。</p>
</div><p>The broader trend reflects a gradual shift away from third-party stablecoins toward instruments issued directly from regulated bank balance sheets.</p>
<div class="lb-trans"><p>这一更广泛的趋势反映出逐渐从第三方稳定币转向直接由受监管银行资产负债表发行的工具。</p>
</div><h2>Governance Questions Remain For Joint Token Model</h2>
<div class="lb-trans"><h2>联合代币模型的治理问题仍待解决</h2>
</div><p>Despite growing clarity on structure and objectives, key governance details remain unresolved.</p>
<div class="lb-trans"><p>尽管在结构和目标上越来越清晰，但关键的治理细节仍未解决。</p>
</div><p>It is still unclear whether the three banks will issue a single unified token under one brand or operate a shared infrastructure with separate bank-linked tokens.</p>
<div class="lb-trans"><p>目前尚不清楚三家银行是否会在一个品牌下发行单一统一的代币，还是在共享基础设施下运营各自关联的代币。</p>
</div><p>Custody arrangements, reserve management, and final cross-border compatibility rules are also still under discussion, leaving the consortium’s final operating model dependent on how regulatory and technical decisions are finalised in the coming months.</p>
<div class="lb-trans"><p>保管安排、储备管理和最终的跨境兼容性规则也仍在讨论中，使得财团的最终运营模式取决于未来几个月监管和技术决策的最终确定。</p>
</div>

Japan’s Three Largest Banks Join Forces To Launch Yen Stablecoin For Corporate Payments By 2026

CoinLive

Mitsubishi UFJ Financial Group, Inc.

Sumitomo Mitsui Financial Group, Inc.

Mizuho Financial Group, Inc.

Mitsubishi Corporation

NTT DATA Corporation

摩根大通

MITSUBISHI CORP UNSPONS ADS REP 1 ORD SHS

JPMORGAN CHASE & CO. 4.20% DEP SHS REPSTG 1/400TH PFD SER MM

JPMORGAN CHASE & CO. 6%NON CUM DEP SHS REP 1/400TH PFD SER EE

JPMORGAN CHASE & CO. DEP REP 1/400TH (5.75% NON CUM PFD DD)

JPMORGAN CHASE & CO. 4.625% DEP SH RE 1/400TH INT NO CU PF LL

JPMorgan Chase & Co.

JPMORGAN CHASE & CO. 4.55% DEP SHS REPSTG 1/400TH PFD SER JJ

JPMORGAN CHASE & CO. 4.75 DEP SHS REP 1/400 NCUM PFD SR GG

日本的三大银行携手合作，计划在 2026 年推出用于企业支付的日元稳定币