DeCurret Holdings, a group of Japanese companies, has published a White Paper outlining its plans to launch a digital currency project called DCJPY in July 2024. The project will consist of two areas: the Financial Zone and the Business Zone. The Financial Zone will involve banks minting digital currency on the blockchain, while the Business Zone will be used for transactions and the issuance of non-fungible tokens (NFTs), security tokens (STs), and governance tokens (GTs). Aozora Bank, with 19 domestic branches in Japan, will be the leading issuer of the DCJPY, backed by deposits in Japanese yen. DeCurret is supported by 35 shareholding companies, including Japan Post Bank, Mitsubishi, and Dentsu Group. The company will hold a seminar in Tokyo on October 18 to explain the project further. In May 2023, the Bank of Japan released the results of its central bank digital currency (CBDC) experiment and will make a final decision on the issuance of a “digital yen” by 2026. Binance and Mitsubishi UFJ Trust and Banking Corporation are also exploring the issuance of stablecoins in Japan.

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Information	Details
Geography	Asia
Countries	🇯🇵
Sentiment	neutral
Relevance Score	0
People	None
Companies	Aozora Bank, Mitsubishi UFJ Trust and Banking Corporation (MUTB), Dentsu Group, Japan Post Bank, Bank of Japan (BOJ), Binance, Mitsubishi
Currencies	Convertible JPY Token, Japanese Yen
Securities	None