According to Odaily, Fortunafi, a platform for tokenizing real-world assets (RWA), has successfully completed a strategic seed funding round, raising $9.51 million at a valuation of $48 million. The funding round saw participation from Shima Capital, Manifold, Jordan Fish, also known as Cobie, Ari Litan of LayerZero Labs, Austin Green of Llama, Evanss6, and Scott Lewis.
In addition to the funding news, Fortunafi has announced the launch of a new stablecoin protocol named 'Reservoir'. The protocol is expected to go live next month. Furthermore, Fortunafi will collaborate with Index Coop to launch a real-world asset index token. The details of this collaboration and the specifics of the index token are yet to be disclosed. The strategic seed funding and the upcoming product launches mark significant milestones for Fortunafi as it continues to innovate in the field of tokenizing real-world assets.