BlackRock joins SBI and Startale to link tokenized MMFs with Japanese yen stablecoins
3 outlets · first seen 1d ago · latest 22h ago
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The Blockfirst seen
BlackRock joins SBI and Startale to link tokenized MMFs with Japanese yen stablecoins
BlackRock, SBI Holdings, and Startale will explore connecting tokenized money market funds with SBI's Japanese yen-pegged stablecoin JPYSC.
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Bitcoin News
Blackrock Joins Ripple Ally SBI in a Yen Stablecoin Bet on Japan
Blackrock has signed on with SBI Holdings and Startale Group to explore plugging tokenized money market funds into JPYSC, Japan’s trust bank-backed yen stablecoin. The Signing The memorandum of understanding (MOU) brings together four entities, namely: SBI Holdings Startale Group Blackrock Financial Management Blackrock Japan The goal is to study whether tokenized money market funds […]
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Blockonomi
BlackRock Japan Explores Yen Stablecoin JPYSC With SBI and Startale
TLDR BlackRock signed a memorandum of understanding with SBI Holdings and Startale Group. The companies will explore linking tokenized money market funds with SBI’s yen-pegged stablecoin JPYSC. The work will cover technology, distribution, and regulation and market development. JPYSC launched in June as Japan’s first trust bank-backed yen stablecoin. The firms may bring in more partners to grow on-chain finance…