BlackRock and SBI explore link between tokenized funds and yen stablecoin
Reading Time: < 1 minute
SBI Holdings and Startale Group have signed a memorandum of understanding with BlackRock Financial Management and BlackRock Japan to explore connecting tokenized money market funds (MMFs) with SBI’s yen-denominated stablecoin, JPYSC.
The companies will assess the technology, infrastructure, business models and distribution options needed to link the assets, while considering regulatory requirements and market developments.
The collaboration could involve other financial institutions and businesses in Japan and overseas, the companies said.
Follow and like us on
