BlackRock, SBI and Startale to explore linking tokenized MMFs to yen stablecoin JPYSC
AI summary
BlackRock, SBI Holdings and Startale are teaming up to explore linking tokenized money market funds with SBI's Japanese yen-pegged stablecoin JPYSC. The collaboration pairs the world's largest asset manager with a major Japanese financial group and a blockchain developer, aiming to connect tokenized cash-like instruments to a regulated yen stablecoin. Traders would read this as another step toward institutional tokenization in Japan, though it is an exploratory effort rather than a launched product.
