Blackrock Joins Ripple Ally SBI in a Yen Stablecoin Bet on Japan

BlackRock signed a memorandum of understanding with SBI Holdings and Startale Group to explore integrating tokenized money market funds into JPYSC, Japan's trust bank-backed yen stablecoin. The four-party MOU includes BlackRock Financial Management and BlackRock Japan, aiming to study the feasibility of such integration.