ChainCatcher report: Japanese Web3 infrastructure company Startale announced that SBI has invested $50 million in the company, completing a $63 million Series A round. Both companies are focused in Japan on tokenized securities, stablecoins, and consumer blockchain products. Startale Group CEO Sota Watanabe said: “Through deep collaboration with SBI, we will accelerate the adoption of tokenized stocks centered on the Japanese stock market and the JPY stablecoin this year.”
Startale Completes $63M Series A Funding Led by SBI
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Summary
Startale announced $63 million in project funding, with SBI leading a $50 million investment in the Series A round. The Japanese Web3 infrastructure firm and SBI will focus on tokenized securities, stablecoins, and on-chain consumer products. Startale CEO Shouta Watanabe said the partnership will accelerate the adoption of tokenized stocks in Japan and expand yen-backed stablecoins this year. The on-chain development underscores growing interest in blockchain-based financial tools in the region.
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