BlackRock Teams With SBI Holdings and Startale on Tokenized Yen Stablecoin Link
Photo: TheCoinrise
The asset manager joins a Japan-based initiative connecting tokenized money market funds with the JPYSC stablecoin. BlackRock has entered into a collaboration with SBI Holdings and Startale focused on connecting tokenized money market funds with JPYSC, a yen-pegged stablecoin, according to reports from CoinGape and Bitcoin.com News. The partnership brings one of the world’s largest asset managers into a Japan-centered effort to bridge traditional fund products with blockchain-based settlement tools. SBI Holdings has operated as a close partner of Ripple for several years, making its involvement in this initiative noteworthy.
Source: TheCoinrise
