IOST Raises $21M to Expand the Rollout of its Tokenized Asset Infrastructure in Regulated Markets

Modular blockchain platform IOST has raised $21 million in a strategic funding spherical to increase the rollout of its real-world asset (RWA) infrastructure throughout regulated markets, the firm stated in a press launch on Friday.

The spherical was led by institutional buyers DWF Labs, Presto, and Rollman Management Group, the firm stated.

The funding will speed up IOST’s product growth, validator progress, and ecosystem integrations.

Tokenization is one of the fundamental use circumstances of blockchain expertise and it’s attracting consideration and funding from the TradFi world.

Initial rollouts will deal with Japan and the broader Asia-Pacific area, the place IOST is amongst the few public blockchains accepted by the Japan Virtual Currency Exchange Association (JVCEA), the launch stated. Expansion into the Middle East, Europe, and North America is already underway.

“This isn’t just a capital raise. It’s a commitment to building scalable, compliant infrastructure that can power the next generation of tokenized assets,” stated IOST CEO Blake Jeong, in the launch.

The protocol’s structure features a high-performance Layer 1 chain, EVM-compatible subnets, and a permissionless deployment mannequin tailor-made to real-world asset issuance and compliant DeFi.

Read extra: Plume Launches Genesis Mainnet to Bring Real-World Assets to DeFi