Startale Group, a blockchain infrastructure firm backed by Sony Innovation Fund and SBI Group, is expanding into Abu Dhabi. This strategic move follows the company's successful $63 million Series A funding round, which is earmarked for developing blockchain and stablecoin infrastructure in regulated markets.
The expansion will see Startale establish operations within Abu Dhabi Global Market (ADGM), a financial center recognized for its robust digital asset regulatory framework. CEO Sota Watanabe highlighted Abu Dhabi's emerging role as a major digital asset hub, providing the necessary regulatory clarity and global reach for responsible scaling.
Startale is currently developing its blockchain platform, Soneium, in partnership with Sony Block Solutions Labs. The company is also working on JPYSC (yen-backed stablecoin), USDSC, and the Startale App.
The firm was selected for Hub71's Digital Assets cohort, a prestigious program that offers access to investors, institutions, and regulators. This initiative underscores Abu Dhabi's commitment to fostering a state-backed crypto ecosystem. Startale plans to deploy local teams and collaborate closely with regulators and partners to facilitate regional and international growth.