On March 26, Japanese Web3 infrastructure company Startale announced that SBI has invested $50 million in the company, completing a $63 million Series A funding round. Both companies are focused on tokenized securities, stablecoins, and consumer on-chain products in Japan. Sota Watanabe, CEO of Startale Group, stated, "Through deep collaboration with SBI, we will accelerate the adoption of tokenized stocks centered on the Japanese stock market and yen-denominated stablecoins this year."
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