IOTA launches $100 million entity in Abu Dhabi to create digital network

NEW YORK (Reuters) – Global technology network IOTA on Wednesday launched a $100-million foundation in Abu Dhabi to accelerate the growth of its distributed ledger technology (DLT) in the Middle East, aiming to help convert real-world assets into digital ones, said IOTA co-founder and Chairman Dominik Schiener.

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