IOTA aims to boost RWA and DeFi with major program in Singapore

IOTA is making significant strides in boosting the real-world asset (RWA) tokenization ecosystem and decentralized finance (DeFi) with a major program in Singapore. In collaboration with venture capital firm Tenity, the IOTA Foundation has launched a 12-week accelerator program that will provide grants and resources for early-stage projects focused on RWA, DeFi, DeFi institutional services, and infrastructure. Selected projects will receive a $50,000 grant and have the opportunity to showcase their progress at Token2049. The IOTA Foundation views Singapore as the perfect location for the program, which is scheduled to take place from June to September 2024. This initiative follows the IOTA Foundation’s successful registration of distributed ledger technology in Abu Dhabi last year, which contributed to the rise in the price of IOTA. With its new partnership, the foundation aims to establish a strong presence in the RWA space, which experts believe will drive prices higher for related tokens.