BlackRock’s SBI partnership explores tokenized funds, no XRP role announced

BlackRock has entered into a memorandum of understanding with SBI Holdings and Startale Group to investigate opportunities in tokenized funds and a yen-pegged stablecoin (JPYSC). This initiative stops short of confirming any integration or use of XRP, despite SBI’s extensive history with Ripple . The agreement between the companies remains exploratory, with no investment figures disclosed and no binding commercial contracts in place. Their focus will be on connecting tokenized money market funds with JPYSC and assessing the technology, distribution, and regulatory landscape required to advance the project. Additional financial institutions may join the collaboration as it develops. Wealth commentator Kamilah Stevenson, in a video discussing the news, emphasized that neither XRP nor a specific blockchain was named in the announcement.

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