IOST Secures $21 Million for Global RWA Infrastructure Expansion

IOST, a modular blockchain platform, has successfully secured $21 million in a strategic funding round. This investment is aimed at accelerating the expansion of its real-world asset (RWA) infrastructure across various regulated markets. The funding round was spearheaded by institutional investors DWF Labs, Presto, and Rollman Management Group.

The capital raised will be utilized to enhance product development, foster validator growth, and facilitate ecosystem integrations. This move underscores the growing interest and investment in tokenization, a key application of blockchain technology that is gaining traction in the traditional financial world.

Initial deployments will concentrate on Japan and the broader Asia-Pacific region, where IOST is recognized as one of the few public blockchains approved by the Japan Virtual Currency Exchange Association. The company is also actively expanding into the Middle East, Europe, and North America.

Blake Jeong, CEO of IOST, emphasized the significance of this funding round, stating that it represents a commitment to developing scalable and compliant infrastructure. This infrastructure is designed to support the next generation of tokenized assets. The protocol's architecture includes a high-performance Layer 1 chain, EVM-compatible subnets, and a permissionless deployment model tailored for real-world asset issuance and compliant decentralized finance (DeFi).