IOST Raises $21M to Increase the Rollout of its Tokenized Asset Infrastructure in Regulated Markets
Modular blockchain platform IOST has raised $21 million in a strategic funding spherical to increase the rollout of its real-world asset (RWA) infrastructure throughout regulated markets, the corporate stated in a press launch on Friday.
The spherical was led by institutional buyers DWF Labs, Presto, and Rollman Administration Group, the corporate stated.
The funding will speed up IOST’s product growth, validator development, and ecosystem integrations.
Tokenization is without doubt one of the fundamental use instances of blockchain know-how and it’s attracting consideration and funding from the TradFi world.
Preliminary rollouts will concentrate on Japan and the broader Asia-Pacific area, the place IOST is among the many few public blockchains accepted by the Japan Digital Foreign money Change Affiliation (JVCEA), the discharge stated. Enlargement into the Center East, Europe, and North America is already underway.
“This isn’t only a capital increase. It’s a dedication to constructing scalable, compliant infrastructure that may energy the subsequent era of tokenized belongings,” stated IOST CEO Blake Jeong, within the launch.
The protocol’s structure features a high-performance Layer 1 chain, EVM-compatible subnets, and a permissionless deployment mannequin tailor-made to real-world asset issuance and compliant DeFi.
Learn extra: Plume Launches Genesis Mainnet to Deliver Actual-World Belongings to DeFi
