SBI, Sony back Startale’s $63 million push to expand Japan’s tokenized finance stack
Startale Group secured a $63 million Series A, backed by SBI Group and Sony Innovation Fund, to expand its tokenized finance infrastructure in Japan.Summary
Singapore-based Startale Group, which develops blockchain tools for financial firms and retail users in Japan, announced it closed a $63 million Series A funding round. This total includes $50 million from SBI Group and a prior $13 million from Sony Innovation Fund in January. The funding unites Startale's key partners, SBI (involved with their Strium blockchain and JPYSC stablecoin) and Sony (backing the Soneium layer-2 network). Startale plans to use the capital to scale Strium for tokenized securities and real-world assets, boost adoption of its JPYSC and USDSC stablecoins, and develop its consumer app into a "SuperApp" for asset management and payments. CEO Sota Watanabe also noted plans to push tokenized Japanese equities and expand yen stablecoin usage, aligning with Japan's efforts to integrate blockchain systems with existing financial infrastructure.
(Source：CoinDesk)