Decentralized exchange Helix will launch tokenized Japanese Yen (JPY) on Injective, making it one of the first exchanges to bring the Japanese Yen to the blockchain, Blockworks reported. The Japanese Yen is the fourth most traded currency in the world, behind the US dollar, the euro, and the British pound. Chris Choi, head of product at Helix, said that there are currently few channels to obtain tokenized Japanese Yen, and the daily trading volume of Japanese Yen reaches billions. The integration will allow decentralized application (dapp) users on Injective to obtain on-chain foreign exchange (FX) exposure in a decentralized manner. The tokenized Japanese Yen is done in collaboration with Cables Finance, a decentralized exchange that has been working on integrating traditional financial currencies on the blockchain. Each tokenized Japanese Yen will be backed 1-to-1 by Japanese Yen and issued by the trust.