The Iost Modular Blockchain Platform has raised $ 21 million in a strategic financing round to extend the deployment of its real asset infrastructure (RWA) on the regulated markets, the company said in a press release on Friday.
The Tour was led by institutional investors DWF Labs, Presto and Rollman Management Group, said the company.
Funding will accelerate the development of IOST products, the growth of validators and ecosystem integrations.
Tokenization is one of the main cases of using blockchain technology and attracts the attention and investment of the tradfi world.
Initial deployments will focus on Japan and the wider region of Asia-Pacific, where Iost is among the few public blockchains approved by Japan Virtual Current Exchange Association (JVCEA), the press release said. Expansion in the Middle East, Europe and North America is already underway.
“It is not only a capital increase. It is a commitment to build evolutionary and compliant infrastructure that can fuel the next generation of tokenized assets,” said IOST CEO, Blake Jeong, in the press release.
The architecture of the protocol includes a high performance layer 1 chain, EVM compatible subnets and a deployment model without authorization adapted to a active active issue and a conform challenge.
Find out more: Plume Lance Genesis Mainnet to provide real assets to deffi
