Startail Group, a blockchain infrastructure company backed by Sony Innovation Fund and SBI Group, is expanding into Abu Dhabi after being selected for Hub71’s digital asset cohort, strengthening its presence in the fast-growing state-backed crypto ecosystem.
The move follows the company’s $63 million Series A round to support the development of blockchain and stablecoin infrastructure in regulated markets.
With support from Mubadala and the Abu Dhabi Department of Economic Development, Startail will establish operations in the Abu Dhabi Global Market (ADGM), a financial center known for its digital asset regulatory framework.
“Hub71 and Abu Dhabi Global Market provide the regulatory clarity and global reach we need to expand responsibly,” said CEO Sota Watanabe. “Abu Dhabi is emerging as a major digital asset hub, enabling expansion across Eastern and Western markets.”
Startale is currently developing Soneium in partnership with Sony Block Solutions Labs, a Sony Group Corporation company. We are also working on yen-backed stablecoins JPYSC, USDSC, and Startale App with Strium and SBI Group.
The company was selected from over 2,400 applicants to join Hub71’s ecosystem of investors, institutions and regulators under the Hub71+ Digital Assets Program.
Divya Claudia Nair, Startup Journey Lead at Hub71 said: “Their focus on digital asset infrastructure reflects the strength of our specialized ecosystem and the quality of our founders who chose Abu Dhabi as their launchpad for global growth. We look forward to supporting their expansion.”
Startail plans to have a local team and work closely with regulators, investors and partners as it expands across regional and international markets.
