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The native token of IOST, a multi-chain ecosystem designed to enhance real-world asset (RWA) infrastructure, experienced a significant surge after the project announced a $21 million funding round backed by several leading cryptocurrency venture capital firms.

IOST Token Sees Price Spike

The IOST token, which focuses on bridging traditional finance and decentralized finance (DeFi) for global adoption, recorded a 12% price increase following the announcement. At the time of writing, the token was trading at approximately $0.00391. Shortly after the news was released, IOST touched a high of $0.00424, marking its highest level since May 23.

This price movement broke a downtrend line that had persisted since mid-May. The spike in value was accompanied by a significant increase in trading volume, which jumped over 760%, surpassing $74 million in daily activity. Additionally, data revealed that open interest rose 92%, reaching more than $15 million. The breakout came as several altcoins attempted to recover from a recent market downturn.

$21 Million Investment to Scale IOST’s Ecosystem

According to a blog post from the IOST team on June 6, the $21 million strategic investment represents a pivotal milestone in advancing the platform’s RWA infrastructure. The funding round attracted support from notable investors, including DWF Labs, Presto, and Rollman Management. This capital injection is expected to strengthen the platform’s interoperability within the real-world assets ecosystem.

“This strategic capital will fuel upcoming product rollouts, deepen ecosystem integration, and reinforce IOST’s position at the forefront of RWA 3.0 innovation,” the IOST team stated.

Partnerships Driving Innovation

IOST has been actively forming partnerships to enhance its ecosystem. Recently, it collaborated with AWE, an artificial intelligence (AI) agent platform focused on autonomous worlds. Through this partnership, IOST serves as the infrastructure to support real-world financial instruments within autonomous systems using the 5A framework—an AI agent-as-an-asset model. This initiative leverages IOST’s multi-chain infrastructure along with a simulation engine to convert AI agents into yield-bearing on-chain assets.

In another development, IOST partnered with Matrixdock, a platform specializing in real-world assets, to offer tokenized U.S. Treasury bills and gold to its users. These partnerships underscore IOST’s commitment to expanding its RWA capabilities and providing innovative financial solutions.

What’s Next for IOST?

As the project continues to secure strategic investments and establish key partnerships, IOST positions itself as a leader in the RWA-focused blockchain space. With growing interest in tokenized real-world assets and the integration of cutting-edge technologies like AI, IOST is paving the way for the future of decentralized finance.

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