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Japan’s DeCurret starts production testing for DCJPY tokenized deposit platform
DeCurret announced DCJPY in October 2023, with the Internet Initiative Japan set to use tokenized deposits to pay for renewable energy certificates for members.
DeCurret announced DCJPY in October 2023, with the Internet Initiative Japan set to use tokenized deposits to pay for renewable energy certificates for members.
DeCurret plans to launch DCJPY's commercial applications in late 2024, building on successful pilots and outlining broader tokenization use cases in a white paper.
Nikkei reports that DeCurret has been unable to compete with major players like bitFlyer and that the holding company will now focus on digital assets.
The consortium has brought together some of Japan’s largest firms, from banks to tech firms, and plans to launch the digital currency in the fiscal year 2022.
Toyota Systems has partnered with digital currency exchange DeCurret on the pilot, which will see the participation of the company’s 2,500 staff members.
The group was founded by DeCurret exchange, and includes representatives from three of Japan’s megabanks.
DeCurret Co. Ltd. has successfully completed the application process to become registered as a virtual currency exchange service provider in Japan.