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 (<a href="https://crypto.news/price/iost/" rel="noopener noreferrer nofollow">IOST</a>), which aims to bridge traditional finance <a href="https://crypto.news/tag/defi/" rel="noopener noreferrer nofollow">decentralized finance</a> 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 <a href="https://medium.com/iost/iost-raises-21m-in-strategic-round-to-accelerate-rwa-3-0-growth-4d41ad9a0c03" target="_blank" rel="noopener noreferrer nofollow">announcement</a>, IOST price touched highs of $0.00424&nbsp; – its highest level since May 23.&nbsp;
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 <a href="https://crypto.news/bitcoin-leads-crypto-market-slump-as-trump-and-musk-trade-punches/" rel="noopener noreferrer nofollow">sharp downturn</a> catalyzed by President Donald Trump and Elon Musk’s fallout.
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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 <a href="https://crypto.news/tag/real-world-assets/" rel="noopener noreferrer nofollow">real-world assets</a> ecosystem.
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 “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.
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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.
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IOST price surges amid $21m raise to accelerate RWA growth

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Other articles published on Jun 6, 2025

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