SBI Shinsei, Tokenized Payments, and Velora’s DeFi Push

[Hypedyor]

Japan’s SBI Shinsei Bank has teamed up with DeCurret DCP and Singapore’s Partior to develop a blockchain-based settlement system for tokenized deposits in yen and other major currencies. By linking DeCurret’s DCJPY platform with Partior’s multicurrency network, the project aims to deliver 24/7 real-time cross-border payments, cutting costs and inefficiencies. This model could challenge traditional correspondent banking while aligning with global tokenization efforts like BIS’s Project Agora and Singapore’s Project Guardian.

 

In DeFi, Velora has rebranded from ParaSwap and introduced the $VLR token, powering intent-based, cross-chain trading. With AI-driven MAP routing, Velora optimizes swaps across blockchains like Ethereum and Base. The $VLR token supports staking, governance, and liquidity incentives tied to real revenue rather than inflation, ensuring sustainability. Currently, the VLR listing carnival is live on BingX, offering up to 1M tokens in rewards.

 

Do you think tokenized banking and DeFi protocols like Velora will eventually converge into one seamless financial system?