PANews reported on March 26 that, according to The Block, Soneium blockchain co-developer Startale Group has completed a $63 million Series A funding round. This includes a $50 million Series B funding round led by SBI Group, and a $13 million Series C funding round previously invested by Sony Innovation Fund. The company stated that 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 drive the adoption of stablecoins such as JPYSC.

Startale and SBI previously collaborated to launch Strium, a Layer 1 blockchain focused on tokenized securities and real-world asset trading, and JPYSC, the first yen stablecoin backed by a trust bank. Startale also partnered with Sony to launch Soneium, an Ethereum Layer 2 network, and continues to expand its ecosystem.