BlackRock Financial Management and BlackRock Japan signed a memorandum of understanding with SBI Holdings and Startale Group to explore connecting tokenized money market funds with SBI’s yen-backed stablecoin, JPYSC. The agreement covers possible work on technology, distribution and regulation; it does not say the funds and stablecoin have been connected. SBI Holdings and Startale said the effort aims to support on-chain finance in Japan and abroad.
