IOTA Grows By 13% Amidst The RWA Onboarding News

The price of the $IOTA crypto asset rose by 13% after the announcement was made by project founder Dominik Schiener regarding the onboarding of real-world assets (RWA) worth $100 million.

At a recent AMA session held by crypto exchange KuCoin, the founder of $IOTA announced the launch of the $IOTA Ethereum Virtual Machine (EVM), scheduled for March 31, 2024. At the same time, Schiener revealed news about $IOTA’s work on tokenization of real assets (RWA) also during the AMA session.

These assets, once integrated and tokenized on $IOTA, will open up opportunities for profit within this ecosystem. Schiener elaborated on $IOTA’s expansion strategy, emphasizing expansion into the EU and a focus on Asia — Korea, Japan and Singapore.

Schiener’s vision for the $IOTA project is to make it the leading DLT for asset tokenization, in compliance with the requirements of regulatory authorities around the world.

At the time of writing, $IOTA is trading at $0.2422, having increased by about 13% over the past day. It is noteworthy that the daily trading volume of the asset has increased almost five times within 24 hours and currently amounts to almost $150 million.