IOST has undergone a major transformation, re-branded as a Layer 2 solution for BNB Chain, and is now focused on real world assets (RWA). By utilizing BNB Chain's scalability, security, and ecosystem, IOST will provide financial infrastructure for institutional investors in Web3 and aim to bridge traditional assets with blockchain technology. With this migration, IOST will integrate tokenized RWA to enable seamless payments and on-chain asset management for businesses and users. The transformation aims to meet growing demand for on-chain real-world asset adoption and improve asset liquidity, transparency, and efficiency.
