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IOTA Allocates $10 Million To Tokenization Startups In Africa
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The newly launched IOTA Ecosystem Foundation is committing $10 million to early-stage startups focused on tokenized trading for real-world assets (RWAs).
The specific startups receiving funding will be revealed in the coming weeks, though the initial investment will focus on companies in the United Arab Emirates (UAE) and Africa, according to a February 29 press release. They will include newly founded “tradetech ventures,” and accelerator programs for startups building on IOTA.
“By investing in the future of TradeTech, we are not just facilitating smoother trade transactions; we are laying the groundwork for a more interconnected and efficient global trade ecosystem,” said IOTA Foundation co-founder and chairman Dominik Schiener.
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