IOTA Kickstarts EVM Targeting DeFi, Real World Assets

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IOTA Kickstarts EVM Targeting DeFi, Real World Assets
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Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.

IOTA launched its layer 2 Ethereum Virtual Machine network, focusing on real-world asset usage and introducing new functionalities to the IOTA ecosystem.

“We are positioning IOTA to bring the real world to Web3 and help to bring trillions of assets and institutional investors on-chain,” Schiener said. “With the establishment of the IOTA Ecosystem DLT Foundation as the first DLT foundation registered under the Abu Dhabi Global Market regulations, IOTA is uniquely positioned to lead in Real-World Asset tokenization.”

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