DeFi· ★★★★· bullish·

BlackRock, SBI and Startale to link tokenized money market funds with yen stablecoin

  • —BlackRock, SBI Holdings and Startale agreed to explore the integration
  • —The link pairs tokenized money market funds with SBI's JPYSC stablecoin
  • —JPYSC is pegged to the Japanese yen and would serve as settlement asset for the funds
Why it matters: The world's largest asset manager moving into Japanese tokenization raises the stakes for institutional stablecoin settlement.
Source: The Block
More on this
DeFi · Oct 19
SBI and Startale to explore linking yen and dollar stablecoins JPYSC and OUSD
 DeFi · Oct 16
SBI Holdings and Startale Join Open Standard to Link JPYSC and OUSD
 DeFi · Oct 24
Shinhan Card and SBI to test yen stablecoin payments for tourists