Startale Closes $63M Series A With $50M From SBI Group
Startale Group has closed a $63 million Series A funding round, with $50 million from SBI Group and $13 million from Sony Innovation Fund. The funding will be used to build on-chain financial infrastructure, including a Layer 1 blockchain and stablecoins, and to develop a consumer-facing SuperApp.
Startale Group has closed a $63 million Series A funding round. The round was led by SBI Group, which invested $50 million, and Sony Innovation Fund, which invested $13 million. The funding will be used to build on-chain financial infrastructure, including a Layer 1 blockchain called Strium and stablecoins such as JPYSC and USDSC. Startale plans to use the funding to scale its core products and expand adoption of its stablecoins. The company is also developing a consumer-facing SuperApp, which will combine asset management, payments, and social features in one interface. With the backing of SBI Group and Sony Innovation Fund, Startale aims to build out Asia's on-chain capital markets infrastructure and connect traditional finance with blockchain rails.
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