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BlackRock, SBI, and Startale sign MOU to link tokenized funds with JPYSC
BlackRock, SBI Holdings, and Startale Group have signed a memorandum of understanding (MOU) to explore the integration of tokenized money market funds (MMFs) with JPYSC, a yen-denominated trust-type stablecoin. The collaboration aims to build a connected on-chain financial ecosystem by addressing technical infrastructure, business distribution, and regulatory frameworks.
Under the agreement, BlackRock Financial Management and BlackRock Japan will provide global asset management expertise, while SBI Holdings contributes its financial services network and Startale Group provides blockchain infrastructure. The initiative seeks to allow institutional investors to settle fund positions on-chain using yen-denominated stablecoins, potentially increasing the efficiency of asset management and cross-border payments.
JPYSC, issued by SBI Shinsei Trust Bank, is a trust-type stablecoin designed to operate within Japan’s regulatory framework. As of late October 2026, its circulating supply reached approximately 20.7 billion yen. While the MOU establishes a foundation for future development, the companies have not yet announced a specific commercial launch date or the specific funds to be integrated.
Entities
BlackRock · BlackRock Financial Management · BlackRock Japan · JPYSC · SBI Holdings · SBI Shinsei Trust Bank · Startale Group
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 8 SOURCES] The collaboration will focus on technology and infrastructure, business and distribution, and regulation and market development. coinpost.jp · cryptobriefing.com · www.neweconomy.jp · bittimes.net · www.blockmedia.co.kr · +3 more
- [● 4 SOURCES] JPYSC is designated as a Type III Electronic Payment Instrument under Japanese regulations. coinpost.jp · cryptobriefing.com · bittimes.net · www.blockmedia.co.kr
- [● 7 SOURCES] BlackRock Financial Management and BlackRock Japan are the specific BlackRock entities involved in the agreement. coinpost.jp · mycryptoparadise.com · cryptobriefing.com · www.neweconomy.jp · www.blockmedia.co.kr · +2 more
- [● 4 SOURCES] SBI and Startale conducted proof-of-concept projects on an Ethereum testnet in July 2026. cryptobriefing.com · www.neweconomy.jp · bittimes.net · www.blockmedia.co.kr
- [● 9 SOURCES] JPYSC is a trust-type yen-denominated stablecoin issued by SBI Shinsei Trust Bank. coinpost.jp · mycryptoparadise.com · cryptobriefing.com · www.neweconomy.jp · bittimes.net · +4 more
- [● 10 SOURCES] BlackRock, SBI Holdings, and Startale Group signed a MOU to connect tokenized MMFs with the yen stablecoin JPYSC. coinpost.jp · mycryptoparadise.com · cryptobriefing.com · www.neweconomy.jp · bittimes.net · +5 more
- [● 4 SOURCES] The collaboration framework is open to a wide range of market participants, including domestic and international financial institutions. coinpost.jp · www.neweconomy.jp · bittimes.net · www.blocktempo.com
- [● 3 SOURCES] As of late October 2026, the circulating supply of JPYSC was approximately 20.7 billion yen. www.neweconomy.jp · bittimes.net · cryptobriefing.com