Startale Group has raised US$63 million in a Series A funding round. This includes US$50 million from SBI Group and US$13 million from Sony Innovation Fund earlier in January.
This funding round brings together two of Startale’s biggest strategic partners.
It also shows that the company’s all-in-one blockchain approach—including Ethereum Layer 2 networks, JPY stablecoins, tokenized securities, and consumer apps—is getting more attention and support.
“The close of our $63M Series A reflects the strong conviction our partners have in the vision we are building,” said Sota Watanabe, CEO of Startale Group. “Through the deep collaboration with SBI, we will accelerate the adoption of tokenised stocks, centered on Japanese equities and JPY stablecoin, this year. “
“Startale Group possesses extensive expertise in the field of on-chain integration and offers capabilities that complement those of the SBI Group,” said Yoshitaka Kitao, Representative Director, Chairman & President of SBI Group. “By joining the SBI Group’s digital space ecosystem through this investment, I am confident that we can accelerate the on-chain transformation of society and demonstrate a strong competitive advantage by driving a vertical integration strategy in the digital finance sector. “
Sony is involved with Startale in two ways: through its investment arm and by working together on Soneium, an Ethereum Layer-2 network. The Startale app is connected to Soneium, and their partnership is continuing to expand.
This funding round comes at a time when Japan is exploring how blockchain can work with traditional financial systems. Earlier this year, Japanese Finance Minister Satsuki Katayama said she fully supports adding crypto trading to Japan’s stock exchanges.
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