TIS Inc., the largest payment system operator in Japan, is implementing blockchain technologies by launching a multi-currency platform on AvaCloud from Avalanche. The project will be an important step for Japanese banks and corporations in transitioning to digital settlements and tokenized assets.
TIS transition to tokenized finance
TIS processes nearly half of all credit transactions in Japan and over 80% of debit operations. Its infrastructure covers 11 of the 25 largest Japanese card issuers and serves almost 200 million clients.
Now the company is going beyond traditional payments. The new Multi-Token Platform on AvaCloud is designed for issuing and circulating stablecoins, tokenized deposits, and digital securities. This will allow settlements between banks and the corporate sector to move into a digital environment with transparent control and instant transaction processing.
The PayCierge system, which already processes more than ¥300 trillion (about $2 trillion) per year, could increase turnover to ¥1,000 trillion if corporate and payroll payments move to blockchain.
Why TIS chose Avalanche
The AvaCloud platform allows blockchain solutions to be launched without the need to create your own infrastructure. It provides automatic scaling, real-time management, and resilience, making it suitable for the regulated financial sector.
Avalanche offers fast transaction finality and cross-chain tools necessary to build an instant settlement system between banks and large clients. Infrastructure and node management will be shared between TIS and Avalanche, increasing reliability and security.
Connection with tokenized yen
The platform launch coincides with the development of the Japanese stablecoin market. The JPYC project has already introduced the first fully backed digital yen, secured by bank deposits and Japanese government bonds (JGB).
This model demonstrates how future tokenized assets on the Multi-Token Platform may look. Essentially, it will allow banks to issue digital instruments with real backing and zero fees, earning interest income from bonds.
What this means for Japan’s financial sector
The emergence of the Multi-Token Platform will give banks and corporations access to issuing tokenized deposits, stablecoins, and securities. This could change the country’s settlement system, making transfers between financial institutions instant and fully transparent.
However, large-scale adoption will require clear regulation — in particular, rules on asset reserves, token custody, and redemption in yen. These issues are already being discussed by regulators and issuers. The TIS platform has already started operating in a limited mode, but mass adoption is expected in the coming years.
What’s next?
The integration of TIS with Avalanche marks the beginning of a new era of tokenized finance in Asia. Japan, where digital yen projects are actively supported by the government and private sector, could become a model for other countries in the region.
For Avalanche, this is a strategic strengthening of its position in the institutional segment — the network is becoming not only a platform for DeFi, but also a foundation for corporate-level financial solutions.
Read more: Animoca Brands bought Aerodrome tokens — AERO rose by 10%
