macro

BlackRock, SBI and Startale to Study JPYSC Link With Tokenized Funds

BlackRock, SBI Holdings and Startale Group signed a memorandum to explore linking tokenized money market funds with the yen-pegged JPYSC stablecoin.

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what happened

According to ForkLog, BlackRock, SBI Holdings and Startale Group have signed a memorandum to work together on combining tokenized money market funds with the JPYSC stablecoin, which is backed by the Japanese yen. The parties plan to review the technical infrastructure, distribution models and regulatory questions. The collaboration is planned to be open to financial institutions and companies both inside Japan and abroad.

why it matters

The deal shows that large asset managers are paying growing attention to tokenization and stablecoins tied to national currencies. For now it is only a memorandum to study the idea, and no launch timing or product parameters have been announced.

market impact

Yen and crypto markets: growing interest from large asset managers in tokenized funds and yen stablecoins

tags

instruments

JPYSCJPYBlackRockSBI Holdings

sources

  1. BlackRock, SBI, and Startale to Explore JPYSC Integration with Tokenized Funds — ForkLog, 27 October 2026 at 08:20 UTC

prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.

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