Startale, co-developer of Soneium, completes $63 million Series A funding with participation from SBI Group and others
PANews reported on March 26, citing The Block, that Soneium blockchain co-developer Startale Group has completed a $63 million Series A funding round. This includes a $50 million second-round investment led by SBI Group and a $13 million first-round investment from Sony Innovation Fund. The company stated it will use the new funds to expand its Layer 1 network, Strium, to support institutional-grade tokenized securities and real-world asset trading, and to promote the adoption of stablecoins such as JPYSC.
Previously, Startale and SBI jointly launched the Layer 1 blockchain Strium, focused on tokenized securities and real-world asset trading, as well as the first yen stablecoin JPYSC backed by a trust bank. Startale and Sony had also collaborated to launch the Ethereum Layer 2 network Soneium and continue to expand its ecosystem.
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