BlackRock signs MOU with SBI and Startale to explore linking tokenized MMFs with yen stablecoin JPYSC

The world's largest asset manager is studying how its tokenized fund products could connect with Japan's first trust-bank-backed yen stablecoin BlackRock wants to see whether tokenized money market funds and a yen stablecoin can share the same plumbing. SBI Holdings and Startale Group have signed a memorandum of understanding with BlackRock Financial Management and BlackRock Japan to study connecting tokenized money market funds (MMFs) with JPYSC , SBI’s yen-denominated stablecoin. The partners said their exploration will cover three areas. Those are technology and infrastructure, business and distribution, and regulation and market development.