BlackRock to integrate yen stablecoin JPYSC and money market funds with SBI Holdings

BlackRock, the world’s largest asset manager, has signed a trilateral memorandum of understanding with Japanese financial conglomerate SBI Holdings and Singapore-based Web3 developer Startale Group. The agreement signals the development of a next-generation digital ecosystem that aims to connect BlackRock’s institutional money market funds (MMFs) with the yen-denominated stablecoin JPYSC. According to the parties involved, the initiative will move traditional capital onto distributed ledger technology. The first stages will focus on the technological integration of the three platforms while ensuring full compliance with Japanese regulations.

Source: CoinTurk News