BlackRock Joins SBI, Startale to Link Tokenized Funds with Yen Stablecoin

BlackRock joins SBI, Startale to link tokenized funds with yen stablecoin

BlackRock, SBI Holdings and Startale sign an MOU to explore linking tokenized money market funds with Japan's yen stablecoin JPYSC and onchain finance.

BlackRock, SBI Sign Yen Stablecoin Study for Tokenized Money Market Funds

The agreement covers infrastructure, business and distribution opportunities, and regulation. JPYSC had about ¥20.1 billion outstanding as of Sept. 7.

BlackRock and SBI Explore Yen Stablecoin Link for Tokenised Funds

SBI Holdings and Startale announced on October 27 that they signed a memorandum of understanding with BlackRock Financial Management and BlackRock Japan.

SBI Bullish $2.17B Powerful Breakthrough With BlackRock

SBI Holdings, Startale and BlackRock signed an MOU to explore linking tokenized money market funds with regulated yen stablecoin JPYSC, aiming to build 24/7 institutional treasury rails and expand yen diversity beyond the dollar-dominated $300 billion stablecoin market worldwide today.