[BlackRock Signs Memorandum of Understanding with SBI and Startale to Explore Linking Tokenized Funds with Japanese Yen Stablecoin] According to The Block, BlackRock Financial Management and BlackRock Japan, subsidiaries of BlackRock, have signed a memorandum of understanding with SBI Holdings and Startale Group to explore linking their tokenized money market funds with SBI's Japanese yen stablecoin, JPYSC. The three parties will assess the feasibility of the connection in three areas: technological infrastructure, business and distribution, and regulatory and market development, and plan to open the collaboration to Japanese and international financial institutions and companies. In June of this year, SBI launched JPYSC with Startale, Japan's first trust bank-backed Japanese yen stablecoin, managed and issued by SBI Shinsei Trust Bank, and distributed by SBI VC Trade.