Blackrock Joins Ripple Ally SBI in a Yen Stablecoin Bet on Japan
Business · First reported 27 Oct, 01:00 · Updated 07:53
BlackRock, SBI Holdings and Startale Group agreed to study links between tokenized money market funds and Japan’s JPYSC yen stablecoin, with no launch date set.
- The parties signed a memorandum of understanding on 26 October to explore connecting tokenized money market funds with JPYSC.
- JPYSC launched in June 2026, and the article says the proposed work covers technology, business and distribution, and regulation and market development.
- The MOU sets no product deadline and leaves the collaboration open to other financial institutions in Japan and internationally.
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