IOost raised $ 21M to expand the tokenized asset infrastructure in regulated markets
The Modular Blockchain platform iost raised $ 21 million in a strategic funding to expand the control of the real-world asset (RWA) infrastructure in the regulated markets, the company said in a press release Friday.
The cycle was led by investors in the institutional DWF labs, presto, and Rollman Management Group, the company said.
Funding will accelerate the development of the IOST product, the growth of the validator, and the integration of the ecosystem.
Tokenization is one of the major cases of use of blockchain technology and it attracts attention and investment from World of Tradfi.
The initial controls will focus on Japan and the wider Asia-Pacific region, where the Iost is among some public blockchains approved by the Japan Virtual Currency Exchange Association (JVCEA), the release said. Expansion in the Middle East, Europe, and North America has been conducted.
“It’s not just an increase in capital. It’s a commitment to developing scalable, following infrastructure that can power the next generation of tokenized assets,” said Iost CEO Blake Jeong, on the release.
Protocol architecture incorporates a high performance Layer 1 Chains, EVM compatible subnets, and a deployment model without permission to be consistent with real-world issues and following defi.
Read more: Plume launched Genesis Mainnet to bring real-world assets to Defi
