Tokyo is the first character we meet in Money Heist. She’s the one telling the story.
“My name is Tokyo… But when this story started, that wasn’t my name.”
Money Heist begins just before the Professor recruits the characters and changes their actual names to city names. Tokyo, then, is called Silene Oliveira. We don’t know what happened to her yet, but she’s at her lowest — on the run after committing serious crimes, denounced to the police by her own mother, and alone. This is the beginning of her story. This part ends when she meets the Professor and joins the crew.
The transformation starts. Silene Oliveira is now Tokyo, she is no longer alone and she has a goal: break into the Royal Mint of Spain with her newfound friends and come out rich, and free.
This transformational part spans four seasons. At first aggressive, selfish, and unreliable, Tokyo becomes a cold-headed, trustworthy friend the crew can rely on by overcoming the obstacles they will face together.
Her main flaw resides in the fact that she is devoured by her past, and she can’t hold still. Even after the first robbery that miraculously ends well for most of our characters, Tokyo can’t stay on the island she and her boyfriend Rio settled on. No, she needs to move: officially because she’s so desperately attached to her freedom, but in reality, because she’s still running from her past.
It’s season 5, and Tokyo has changed tremendously. She’s no longer the lonely wolf on the run we met in the first episode — she’s part of a community, has people to rely on, lived through the loss of her best friend, escaped death many times, and found love.
Yet, this last robbery cannot end well — the villain always gets punished in the story, and we know by now that Netflix always gives its characters what they deserve. That’s why Money Heist couldn’t and will not end well: it’s a villain-only show.
In the last episode of the first part of season 5, Tokyo gets shot by the army and understands that she won’t make it out of this place. She decides to make herself explode with grenades, taking the military men with her and saving her friends in the process.
This is the perfect example of a well-executed character journey: the robber starts low, then joins a crew of fellow criminals to execute legendary robberies, and dies in the hands of those enforcing the law, sacrificing herself for her friends.