Crypto NewsAltcoinNew $10 Million Move from This Altcoin on Binance!

New $10 Million Move from This Altcoin on Binance!

IOTA Foundation will allocate $10 million in funding to startups in the UAE and Africa.

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Altcoin IOTA, listed on Binance, announced its new fund.

According to Coindesk news, IOTA Foundation will allocate $10 million in funds to startups in the UAE and Africa.

In the statement, the IOTA Foundation said that it is preparing to make its first series of investments by allocating $ 10 million to early-stage startups focusing on digital trading and tokenization of real-world assets (RWA).

While it was stated that the projects in which investments will be made will be announced to the public in the coming weeks, Dominik Schiener, co-founder of IOTA and president of the IOTA Foundation, said:

“By investing in the future of TradeTech, we are not only facilitating smoother trading transactions.

“With this fund, we are laying the foundation for a more connected and efficient global trade ecosystem.”

IOTA increased by up to 5% after the news.

*This is not investment advice.



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