Analog, a blockchain project focused on improving unified liquidity across multiple networks, has announced it has raised $15 million through a token sale. According to an announcement shared with CoinDesk on Tuesday, the funding round was led by digital asset financier Bolts Capital, bringing Analog's total backing to $36 million.
The capital will be used to develop interoperability tools like the Omnichain Analog Token Standard (OATS), which enables the transfer of both fungible and non-fungible assets across different blockchains. Analog also plans to launch Firestarter, a real-world asset (RWA) marketplace, to tokenize assets like real estate and collectibles.
Fragmented liquidity across ecosystems is a significant hurdle to RWA adoption. Interoperability projects like Analog aim to solve this issue by enabling seamless communication and asset transfer between different blockchain networks.