Woofun AI reports that Sumitomo Mitsui Trust Bank has commenced an experimental initiative to tokenize money market fund entitlements registered in the British Cayman Islands. The project aims to issue these assets as "digital securities" on a public blockchain, classified under Japan's Financial Instruments and Exchange Act. Collaborating with Securitize Japan and Fireblocks, the bank plans to finalize issuance by the end of fiscal year 2026 pending regulatory approval, with future goals including an open management platform and stablecoin-based real-time settlement.