New Digital Currency Innovation Organization to Launch in October with Former BOJ Governor Kuroda

The Digital Currency Innovation Organization (DCIO) held a press conference on September 25 in Tokyo to announce its establishment. The organization, which includes participation from financial institutions, corporations, and local governments, aims to standardize digital payment infrastructure centered on tokenized deposits and provide policy recommendations. Operations are set to begin in October, with former Bank of Japan Governor Haruhiko Kuroda (黒田東彦) serving as an executive advisor. Representative Director Eijiro Katsu (勝栄二郎) and Deputy Representative Director Hiromi Yamaoka (山岡浩巳) led the announcement.