Startale raises $50 million from SBI, completing a $63 million Series A funding round

Japanese Web3 infrastructure company Startale announced that SBI has invested $50 million in it, while completing a $63 million Series A financing round. The two companies are focusing on tokenized securities, stablecoins, and consumer chain products in Japan.

Startale Group CEO Sota Watanabe stated, "Through deep cooperation with SBI, we will accelerate the adoption of tokenized stocks centered around the Japanese stock market and yen stablecoins this year."