BlackRock signs MOU with SBI and Startale to explore linking tokenized MMFs with yen stablecoin JPYSC
Photo: Crypto Briefing
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.
Source: Crypto Briefing
