It’s a star! Singapore-based Startale Group is a global web3 solutions provider with a mission to bring the world on chain. 

• They’ve just completed the second close of their Series A round, bringing their total to $63M!

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Investor check. SBI Group led the round with a $50M injection. 

• Earlier this year, Sony Innovation Fund led the first close with $13M.

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⭐ Bringing it on chain

Startale builds infrastructure that enables traditional financial assets and services to be brought onto the blockchain. 

• This facilitates tokenized securities training, stablecoin payments, and other blockchain solutions. 
• Startale also has native stablecoins, JPYSC and USDSC (tied to the Japanese yen and the US dollar, respectively), enabling smooth fiat-to-crypto gateways.

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🔍 Some more detail

They operate Astar Network, Japan’s largest public blockchain, and co-developed Soneium through Sony Black Solutions Lab.

• They’re also co-developing a Layer 1 blockchain platform called Strium that enables investors to trade tokenised securities and real-world assets 24/7.
• They also have Startale SuperApp platform with asset management, social features, payments, and “mini apps” meant to onboard users into on chain finance. 

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🎒 What’s in store?  

With the fresh $$$, they’ll expand adoption of the JPYSC and USDSC stablecoins among retail, enterprise, and institutional users. 

• They’ll also scale Strium as an institutional-grade settlement and exchange framework.