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And the SHF Sora could hold it as well. That said, it's a chunky piece of plastic, so there's no fancy poses with the SHF, it'll pull the arm down real fast. Which is fine by me, I was planning on using it with the Halloweentown Sora when I buy him in the near future.
Downside is that it's much thicker than the BA/SHF Keyblades, probably because it's more meant for kids and it won't break as easy. Just makes it kinda ugly. Also, the keychain is molded to the blade, so it always sticks straight out. Might be able to mod that in the future.