SBI Holdings and Startale announced on October 27 that they had signed a memorandum of understanding with BlackRock Financial Management and BlackRock Japan. The companies are studying a link between tokenised money-market funds and JPYSC, a yen-denominated stablecoin. They will examine technical interfaces, business models, distribution and the Japanese regulatory framework, but no operational service has been launched. The next substantive evidence would be a defined pilot or production product, identified eligible investors, legal and operational documentation, and verified settlement activity.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
