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Blackrock joins SBI to explore yen stablecoin use with tokenized funds in Japan

Protocol Fundamentals
27 Oct 2026, 10:30 WIB
Bitcoin
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Bullish
Blackrock joins SBI to explore yen stablecoin use with tokenized funds in Japan

Blackrock, SBI Holdings, and Startale Group signed a memorandum of understanding to explore integrating tokenized money market funds with JPYSC, a yen stablecoin backed by Japan's trust bank. This initiative aims to enable 24/7 onchain finance, allowing seamless movement between yen and yield-bearing funds without banking hour restrictions. The collaboration will focus on technology, business, and regulatory aspects but has no set launch date yet. SBI's existing ties with Ripple, which distributes a dollar stablecoin RLUSD in Japan, position it centrally in Japan's growing stablecoin ecosystem.

Blackrock's collaboration on a yen stablecoin initiative is notable alongside Pluang's cryptocurrency market data. For readers following digital assets, here is Pluang's market snapshot as of Oct 27, 2026 13:41 WIB: out of 50 major cryptocurrencies priced on Pluang, 28 rose and 19 fell today. Among notable movers, VeChain (VET) declined 3.61% to Rp117 with 91% of orders selling, Compound (COMP) rose 3.47% to Rp392,297 with 100% selling activity, and Enjin Coin (ENJ) increased 2.83% to Rp457 with 69% buying activity.

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