BlackRock, SBI and Startale will explore linking tokenized money market funds to JPYSC. The yen stablecoin still lacks external transfers at SBI VC Trade.
Ondo Finance and SBI Group plan to tokenize Japanese equities, distribute Ondo products through SBI and explore JPYSC for onchain settlement and collateral.
MUFG Bank, Mizuho Bank and SMBC plan live transactions for a jointly issued trust-type yen stablecoin in fiscal 2026, putting Japan's biggest banks into the stablecoin race.