The IOST Modular Blockchain platform has raised $ 21 million in a strategic financing round to expand the launch of its real world asset infrastructure (RWA) in the regulated markets, the company said in a press release on Friday.
The round was directed by institutional investors DWF Labs, Presto and Rollman Management Group, the company said.
Financing will accelerate the development of iOST products, the growth of the validator and integrations of the ecosystem.
Tokenization is one of the main cases of use of blockchain technology and is attracting attention and investment of the world of traffic.
The initial deployments will focus on Japan and the largest region of Asia-Pacific, where iOST is among the few public block chains approved by the Virtual Moned Exchange Association of Japan (JVCEA), according to the statement. The expansion to the Middle East, Europe and North America is already underway.
“This is not just a capital increase. It is a commitment to the construction of a scalable and compatible infrastructure that can feed the next generation of tokenized assets,” said Iosta CEO, Blake Jeong, in the statement.
The architecture of the protocol includes a high performance layer 1 chain, subnet compatible with EVM and an implementation model without permission adapted to the issuance of real world assets and a deficue in accordance with.
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