SBI, DigiFT, and Startale Launch PoC for Stock Fund Using JPYSC-Based Tokens

Testing Settlement and Distribution with JPYSC-Based Tokens

On the 15th, SBI Global Asset Management Co., Ltd. announced the commencement of a testnet proof of concept (PoC) for the settlement and distribution of a tokenized Japanese stock fund, in collaboration with Singapore's DigiFT Tech Pte. Ltd. and Startale Group Pte. Ltd.

Using a validation token modeled after the yen-denominated stablecoin 'JPYSC', the fund application...