Asian VCs, crypto funds to invest $100m in bolstering Assembly blockchain

Asian VCs, crypto funds to invest $100m in bolstering Assembly blockchain

FILE PHOTO: Dominik Schiener, founder of IOTA attends the Bosch Connected World Conference in Berlin, Germany, February 21, 2018. REUTERS/Axel Schmidt

Some of the largest Asian venture capital firms and crypto hedge funds will invest $100 million to further develop applications on a new blockchain called Assembly under the IOTA network, co-founder Dominik Schiener told Reuters in an interview.

IOTA is a distributed ledger network similar to blockchain.

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