Inside the Company Building Japan's Multistakeholder Digital Yen

Inside the Company Building Japan's Multistakeholder Digital Yen
The Tokyo metro has a unique – and sometimes frustrating – feature. Unlike most subway systems in the world, it is operated by several different companies and a branch of the municipal government, which often means you need different tickets for different lines.Japan’s digital yen might look a lot like that.Tokyo-based DeCurret, with 50-odd employees, is leading the design of the digital yen and coordinates the Digital Currency Forum (DCF), a consortium of 74 of Japan’s biggest banks and firms that look to roll out the digital currency.Under the proposed model, commercial banks will issue the digital yen as a…