Startale Group has completed a $63 million Series A funding round, including a $50 million second close from SBI Group and a previously announced $13 million first close from Sony Innovation Fund.

The company said in a press release on Wednesday that the investment from SBI Group builds on an existing partnership that has already produced Strium, a Layer 1 blockchain focused on tokenized securities and real-world asset trading, as well as JPYSC, which is described as the first trust bank-backed Japanese yen stablecoin.

Startale and Sony have previously collaborated to launch the Japanese entertainment giant's own Ethereum Layer 2 Soneium and continue to expand its ecosystem.

"The close of our $63 million Series A reflects the strong conviction our partners have in the vision we are building," Sota Watanabe, CEO of Startale, said. "Through the deep collaboration with SBI, we will accelerate the adoption of tokenized stocks, centered on Japanese equities and JPY stablecoin, this year."

The Series A places Startale at the forefront of two major trends: the institutional adoption of onchain financial infrastructure and the synergy of entertainment and blockchain, according to the release.

Startale said it will use the fresh capital to scale Strium to power institutional tokenized securities and RWA trading, expand the adoption of the JPYSC and USDSC stablecoins, and upgrade the existing Startale App to a "SuperApp" for asset management, payments, blockchain applications, and social features.