What does Iost do?
Iost is a Singapore-based provider of a modular blockchain platform focused on tokenizing real-world assets. The platform utilizes a high-performance Layer 1 alongside EVM-compatible subnets, facilitating scalable tokenization for bonds, real estate, and on-chain funds.
How much did they raise?
The company raised $21M in funding with participation from lead investors including DWF Labs, Presto, and Rollman Management Group. Although the round type is unspecified, the investment highlights strong industry backing.
What are their plans for the money?
Iost intends to use the funds to accelerate its product roadmap, integrate further within its ecosystem, and expand its validator network across regulated markets. This expansion is expected to boost the tokenization process and enhance compliant DeFi solutions globally.
What have they achieved so far?
Since 2018, Iost has processed over 954 million transactions on its native mainnet and EVM-compatible Layer 2 without any downtime, demonstrating the platform's robust performance and reliability.
