Modular blockchain platform IOST has collected $ 21 million in a strategic financing round to expand the roll-out of its real assets (RWA) infrastructure across regulated markets, the company said in a press release on Friday.
The round was led by institutional investors DWF Labs, Presto and Rollman Management Group, the company said.
The financing will speed up IOST’s product development, validator growth and ecosystem integrations.
Tokenization is one of the most important application cases for blockchain technology, and it attracts the attention and investment of the Tradfi world.
Initial roll-out will focus on Japan and the wider Asia-Stolvhav area, where IOST is among the few public blockchains approved by Japan Virtual Currency Exchange Association (JVCEA), the release says. Expansion to the Middle East, Europe and North America are already underway.
“This is not just a capital increase. It is an obligation to build scalable, compatible infrastructure that can operate the next generation of tokenized assets,” IOST CEO Blake Jeong said in release.
The architecture of the protocol includes a high-performance layer 1 chain, EVM-compatible Undernet and a permission-free implementation model tailored to the issuance of the real world and compatible defi.
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