You could create a java stored procedure in oracle. It's fairly easy - Create the source like so:
create or replace and compile java source named JasyptWrapper as
public class JasyptWrapper
{
public static String decrypt(String str)
{
String decryptedStr = "";
//code to decrypt
return decryptedStr;
}
}
Created the stored proc wrapper like so:
FUNCTION jasypt_decrypt(p_str VARCHAR2) RETURN VARCHAR2 AS
LANGUAGE JAVA NAME 'JasyptWrapper.decrypt(java.lang.String) return String';
You can then write java code to utilize jasypt to perform the decryption, but you'll have the ability to call it like any other PL/SQL procedure.
You'll have to load the jasypt libraries into the oracle database using loadjava. You'll likely need assistance from your DBA to perform some of these operations, and they'll also probably need to grant additional access using the dbms_java package.
Then use the function you created in the materialized view query to decrypt the values as it processes.