BlackRock, SBI Holdings and Startale have announced a memorandum to explore connecting tokenized money market funds with the yen-denominated JPYSC stablecoin.
The work covers three areas: technical infrastructure, business models and distribution, and regulatory considerations. The partners intend to involve financial institutions from Japan and overseas.
No finished product or commercial launch date has been announced. The memorandum establishes an exploratory collaboration rather than a live facility for exchanging fund shares against JPYSC.
