The Iota Foundation has recently announced a strategic partnership with Fireblocks. This collaboration aims to streamline the process of asset tokenization, addressing the growing institutional interest in this domain. The move integrates Iota’s Shimmer Ethereum Virtual Machine (EVM), a chain compatible with Fireblocks’ robust infrastructure.
Escalating Demand in Tokenization
The market for tokenized real-world assets (RWA) has grown substantially, with a reported valuation of $342 billion in September, per VanEck Research data. This surge comes despite the overarching bear market conditions in the crypto industry. Under co-founder Dominik Schiener’s leadership, Iota has been actively developing solutions and infrastructure to cater to this burgeoning demand for RWA tokenization.
Tokenization, a process that brings various assets like real estate, commodities, and financial instruments onto the blockchain, enhances the liquidity of these assets. ShimmerEVM, designed as an Ethereu
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