Interoperability Project Analog Raises $ 15M to Until Liquidity Across Blockchains

Analog, a blockchain project that wants to improve overall liquidity across multiple networks, said it raised $ 15 million through a token sale.

Digital Asset Financier Bolts Capital completed the token purchase to bring analog’s total support to $ 36 million, according to an E -Mail message that was shared with Coindesk on Tuesday.

Analog plans to use capital to develop interoperability tools such as omnichain analog token Standard (oats) that enable the transfer of fungal and non-fungal assets across blockchains chains

Also on pipeline is Firestarter, a real asset (RWA) marketplace to tokenize real estate, collectibles and income -producing items.

Tokenization of RWAs represents a use of use for blockchain technology of significant interest in traditional economic (tradfi) institutions.

However, fragmented liquidity across multiple ecosystems is a potential roadblock for further adoption that interoperability projects such as analogue are looking to demolish.

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