BlackRock, SBI and Startale Explore Linking Tokenized Funds With Yen Stablecoin JPYSC

TL;DR BlackRock, SBI Holdings and Startale signed an MOU to explore connecting tokenized money market funds with JPYSC, a yen-denominated trust-type stablecoin. The collaboration will examine technology, infrastructure, business models, distribution and regulation, while engaging financial institutions and other potential partners in Japan and internationally. No product or BlackRock fund integration was announced, meaning the initiative remains exploratory while the companies assess how tokenized assets and yen-based digital money could connect BlackRock, SBI Holdings and Startale signed a memorandum of understanding to explore connecting tokenized money market funds with JPYSC, SBI Group’s yen-denominated trust-type stablecoin. The official announcement says the collaboration will examine how tokenized financial assets and yen-based digital money could interact within Japan’s onchain ecosystem.

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