Tapping Ripple Network: BlackRock Leverages SBI for Japan Tokenization Push
Photo: U.Today
BlackRock has signed a trilateral memorandum of understanding with SBI Holdings and Singapore-based Web3 developer Startale Group. At stake is the creation of a next-generation digital ecosystem that will connect BlackRock's institutional money market funds (MMF) with the yen stablecoin JPYSC. The partners plan to move traditional capital "onto the rails" of distributed ledgers, starting with the technological integration of the platforms and strict tailoring of products to Japanese legislation. SBI calls this step a necessary preventive measure.
Source: U.Today
