SBI Holdings and Startale Group signed a memorandum of understanding with BlackRock Financial Management and BlackRock Japan to explore connecting tokenized money market funds with JPYSC, SBI's yen-denominated stablecoin

Tokens pegged to stable value, usually the US dollar, spanning issuers and reserves, depegs, and adoption by banks and payment networks.

Traditional assets like treasuries, funds, stocks and real estate brought onto blockchains as tradable tokens.