Overview
- The firms signed a memorandum of understanding on October 27, 2026 to run an exploratory study into connecting tokenized money market funds with JPYSC, a yen‑denominated stablecoin.
- The MOU directs work on three areas: the technical infrastructure needed for on‑chain settlement, business and distribution models, and regulatory and market development requirements.
- The agreement is investigative only and does not name any specific BlackRock fund, blockchain network, or commercial launch timetable.
- JPYSC launched June 24, 2026 as Japan’s first trust‑type yen stablecoin with segregated reserves that include short‑term government bonds, and prior PoCs showed near‑instant settlement and automated on‑chain dividend payments.
- Next steps include technical mapping, consultations with banks and regulators, and possible wider partner involvement, with key hurdles being custody rules, eligibility for fund use, network interoperability, and regulatory approval.