Startale Group said it closed a $63 million Series A round, adding $50 million from SBI Group to a first close of $13 million from Sony Innovation Fund in January.
The Singapore-based company, which operates in Japan, creates blockchain tools for both financial companies and retail users. Its products include Strium, a blockchain for tokenized securities and other real-world assets, the yen stablecoin JPYSC, the dollar stablecoin USDSC, and the Startale app, a consumer app linked to the Sony-backed layer 2 network, Soneium.
The financing brings together Startale’s two most important strategic partners, the company said. SBI worked with the company on Strium and JPYSC, while Sony backed Startale through its investment arm and its work on Soneium.
The round reflects Startale’s drive to build various layers of the on-chain economy, from financial infrastructure and settlement tools to end-user applications.
Startale said it will use the funds to scale Strium for tokenized securities and real-world asset trading, expand the adoption of JPYSC and USDSC, and develop the Startale app into a broader platform for asset management, payments, and on-chain services to become a “SuperApp.”
CEO Sota Watanabe said the company will also use the funding to boost tokenized stocks linked to Japanese stocks and expand adoption of the yen stablecoin this year.
The round lands as Japan works to test how blockchain systems can connect to existing financial infrastructure. Japanese Finance Minister Satsuki Katayama said earlier this year that she fully supports the integration of cryptocurrency trading into the country’s stock exchanges.
