Seven Japanese Firms Complete Tokenised Deposit Trial Automating Trade Settlement via Flow-Distribution BMS

Seven Japanese companies have completed a proof of concept linking tokenised deposits to the Flow-Distribution Business Message Standard (BMS), automating settlement and reconciliation from purchase order through to receivables ledger. The trial, led by DC-JPY consortium member DeCurret DCP, demonstrated end-to-end data interoperability across ordering, invoicing, payment execution, and accounts-receivable write-off, reducing manual intervention in inter-corporate trade workflows. The participants targeted future full automation of enterprise transaction cycles by embedding programmable payment rails into existing procurement and ERP infrastructure.

The experiment shows that deposit tokens can slot into Japan’s widely adopted Flow-Distribution BMS protocol without rearchitecting legacy message formats, a key hurdle for any institutional roll-out in retail and manufacturing supply chains. By automating reconciliation at the ledger level, the consortium flags material scope for treasury and back-office cost compression once live integration begins. The timing aligns with Japan’s broader push to operationalise deposit tokens under the revised Payment Services Act framework, positioning BMS connectivity as a bridgehead into corporate treasury adoption beyond pilot sandboxes.