The IOTA Foundation commits to investing $10 million to support tokenization and trade startups in the UAE and Africa.

ChainCatcher news, according to CoinDesk, the IOTA Foundation has committed to investing $10 million in startups in the UAE and Africa.

It is reported that the foundation was registered in Abu Dhabi last November. This investment will focus on early-stage startups in digital trade and real-world asset (RWA) tokenization. These investments will be publicly disclosed in the coming weeks, including the newly established tradetech ventures.

In addition, IOTA will also support startups built on the IOTA platform through its accelerator program.