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Novastro, the pioneering Layer2 RWA chain building tokenisation, trading and yield platform for Real World Assets, today announced it has raised $1.2 million in seed round funding led by Woodstock, with participation from Faculty group, Double peak group, Cogitent, X21 and Sam Tapaliya.
Novastro chain allows users to access and utilize tokenised yield and trading opportunities from Real World assets across EVM & Non-EVM Chains. The platform has demonstrated significant traction during its Testnet V1, generating over $25 million in total value locked, attracting 400,000 total users, and processing more than 2 million transactions on the chain.
Novastro also announced its participation in Movement Labs’ accelerator program, the Move Collective where it will be among the first to build and deploy on the Movement Network, bringing its future yield technology to Movement’s high-performance blockchain infrastructure.
“This funding accelerates our mission to revolutionize how users access and optimize yield from RWAs across the blockchain ecosystem,” said Shreedhar Shreenivasa, CEO of Novastro. “By unlocking tokenised yield and trading opportunities from Real-World assets, we’re solving a critical capital efficiency problem for users. Building on Movement Network’s infrastructure allows us to deliver this solution with unprecedented scalability and near-zero transaction costs, setting the stage for rapid expansion of our RWA trading and yield platform.”
Through its integration with Movement, Novastro will develop a Layer 2 blockchain supporting both Move and Solidity smart contracts. This integration leverages Movement’s advanced infrastructure to deliver unprecedented scalability, superior security, and dramatically reduced transaction costs. Users will benefit from enhanced cross-chain liquidity solutions and seamless interoperability between Move and EVM ecosystems.
For more information about Novastro and its RWAfi solutions, visit Novastro.xyz
About Novastro
Novastro is a Layer 2 chain for RWA powered by AI that integrates MoveVM and EigenLayer AVS, delivering Ethereum-level security and Move’s scalability to unlock tokenised yield opportunities across RWAs & DeFi protocols. The network’s framework is centered around $RUSD, a stablecoin designed for Real World Assets, enabling seamless tokenization, trading, and yield generation. Novastro offers end-to-end regulatory compliant Turnkey Tokenization Services for projects seeking to tokenize all types of RWAs.
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