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BlackRock, SBI and Startale Sign MoU on Tokenized MMFs and JPYSC
BlackRock, SBI Holdings and Startale signed an MoU to study how tokenized money-market funds could connect with the yen-denominated JPYSC stablecoin.
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BlackRock Financial Management and BlackRock Japan signed a memorandum of understanding with SBI Holdings and Startale on October 27. The parties will explore a digital-asset ecosystem that could connect tokenized money-market funds with JPYSC, a yen-denominated trust-type stablecoin.
The work is organized around three areas: technical requirements and infrastructure; potential business models and distribution; and regulatory considerations and market development. The group also intends to engage financial institutions, businesses and other stakeholders in Japan and internationally.
The announcement is an exploratory agreement, not a launch notice. It names no specific fund, blockchain integration, commercial product or delivery schedule. The immediate significance is that BlackRock is joining SBI and Startale to assess how tokenized fund interests and regulated digital cash might interact in Japan’s onchain financial infrastructure.
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Key takeaways
- //BlackRock Financial Management and BlackRock Japan signed the MoU with SBI Holdings and Startale.
- //The parties will examine technical infrastructure, business and distribution models, and regulatory and market-development considerations.
- //The announcement describes exploration only and does not disclose a product, launch date or production deployment.
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