Startale | Crypto

Startale said SBI invested $50 million to complete its Series A, with the firms working on tokenized securities, stablecoins and consumer onchain products in Japan. Startale Group said on Wednesday that SBI Group had invested $50 million to complete the company’s Series A, as the Japanese blockchain company develops tokenized securities infrastructure, stablecoins and consumer-facing onchain products. In a press release shared with Cointelegraph, Startale said it closed a $50 million investment from SBI to scale products, including its Strium blockchain for tokenized securities, its Japanese yen and US dollar stablecoins, and a consumer-facing application that onboards users to onchain services.  The deal would deepen institutional backing for Startale’s push into onchain financial infrastructure in Japan, where the company and SBI have already announced projects tied to tokenized securities, stablecoins and digital asset settlement. Read more

Strium will begin with synthetic US and Japanese stocks and commodities before expanding to real tokenized shares and asset-backed products with identity verification. Startale Group and Japan’s financial conglomerate SBI Holdings have launched Strium, a layer-1 blockchain designed to support exchange-layer and settlement infrastructure for institutional trading of foreign exchange, tokenized equities and real-world assets (RWAs). The platform is designed as an exchange-layer network, according to an announcement shared with Cointelegraph. “Tokenization is an inevitable trend, and equities tokenization is clearly the next big market,” said Sota Watanabe, CEO of Startale Group. He added that Strium aims to bridge the gap between traditional offchain finance and the onchain ecosystem by enabling compliant dividend and royalty payments. Read more

SBI partners with Circle, Ripple and Startale to launch stablecoin ventures and a tokenized asset trading platform in Japan. Japanese financial conglomerate SBI inked new blockchain partnerships with USDC issuer Circle, XRP developer Ripple and the Web3 company Startale. SBI Group announced the three separate partnerships on Friday, including stablecoin-related collaborations with US companies Circle and Ripple, and a new tokenization project with Singapore-based Startale. In cooperation with Startale, SBI plans to build an onchain trading platform for tokenized stocks and real-world assets (RWAs) to enable 24/7 trading. Read more