IOTA’s value has skyrocketed by 15% after Dominik Schiener, the founder of IOTA, announced groundbreaking real-world asset tokenization deals worth $100 million. This news has generated significant interest in the IOTA ecosystem, with the launch of IOTA EVM and the introduction of a new alpha version further highlighting the platform’s advancements.
During a recent AMA session hosted by the cryptocurrency exchange KuCoin, Schiener revealed that IOTA will be venturing into real-world asset tokenization, onboarding assets worth hundreds of millions of dollars onto the platform. These assets, once integrated and tokenized on IOTA, will provide yield-bearing opportunities within the ecosystem. Schiener also discussed IOTA’s expansion strategy, with a focus on the EU and Asian markets.
Schiener envisions IOTA as the preferred ledger for asset tokenization and aims to collaborate with regulators worldwide to achieve this goal. The current price of IOTA stands at $0.2429, experiencing a slight increase of 13.26% over the past day and 1.29% over the previous week.
In my opinion, these strategic advancements and Schiener’s ambitious plans for real-world asset tokenization mark a crucial moment in the evolution of the IOTA platform. This progress is set to unlock new investment opportunities and significantly enhance the utility and value of the IOTA ecosystem.