The native token of IOST, a multi-chain ecosystem focused on real-world asset infrastructure, rose sharply after the project announced a $21 million raise from several top crypto venture capital firms.
IOST (IOST), which aims to bridge traditional finance decentralized finance for global adoption, saw its token spike 12% following the news. It was trading around $0.00391 at the time of writing.
However, in the hour after the announcement, IOST price touched highs of $0.00424 – its highest level since May 23.
Bulls broke above a downtrend line formed since mid-May.
Amid this price action, IOST’s daily trading volume jumped more than 760% to surpass $74 million. Meanwhile, data from Coinglass shows open interest rose 92% to over $15 million. IOST’s breakout came as most altcoins attempted to rebound from the sharp downturn catalyzed by President Donald Trump and Elon Musk’s fallout.
According to the IOST team’s blog post on June 6, the $21 million strategic investment round marks a major milestone as the project looks to scale its RWA infrastructure. The round attracted backing from DWF Labs, Presto, and Rollman Management, among others. It will play a key role in bolstering interoperability across 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 platform wrote.
IOST recently partnered with AWE, an artificial intelligence agent platform focused on autonomous worlds. The collaboration introduced IOST as infrastructure to support real-world financial instruments within autonomous worlds via 5A, an AI agent-as-an-asset framework.
The initiative, powered by IOST’s multi-chain infrastructure, uses a simulation engine to convert agents into yield-bearing on-chain assets.
In addition, IOST recently joined forces with RWA platform Matrixdock to bring tokenized U.S. Treasury bills and gold to its users.
