SBI, Sony back Startale’s $63 million push to expand Japan’s tokenized finance stack
The Singapore-based company builds blockchain tools for financial firms and retail users, including a blockchain for tokenized securities, stablecoins, and a consumer app.
What to know:
— Startale Group closed a $63 million Series A funding round, with investments from SBI Group and Sony Innovation Fund.
— The Singapore-based company builds blockchain tools for financial firms and retail users, including a blockchain for tokenized securities, stablecoins, and a consumer app.
— The funding will be used to scale Startale’s products, including expanding tokenized securities trading, stablecoin adoption, and developing the Startale App into a broader platform for asset management and onchain services
Startale Group said it closed a $63 million Series A round, adding $50 million from SBI Group to a $13 million first close from Sony Innovation Fund in January.
The Singapore-based company, which operates in Japan, builds blockchain tools for both financial firms and retail users. Its products include Strium, a blockchain for tokenized securities and other real-world assets, yen stablecoin JPYSC, dollar stablecoin USDSC and the Startale app, a consumer app tied to Sony-backed layer-2 network Soneium.
The funding brings together Startale’s two most important strategic partners, the firm said. SBI has worked with the company on Strium and JPYSC, while Sony has backed Startale through its investment arm and its work on Soneium.
The round reflects Startale’s push to build across several layers of the onchain economy, from financial infrastructure and settlement tools to end-user applications.
Startale said it will use the funding to scale Strium for tokenized securities and real-world asset trading, expand adoption of JPYSC and USDSC and develop the Startale app into a broader platform for asset management, payments and onchain services to become a “SuperApp.”
CEO Sota Watanabe said the company will also use the funding to push tokenized stocks tied to Japanese equities and expand yen stablecoin adoption 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 she fully supports crypto trading integration into the country’s stock exchanges.