Variational: $50M Raise to Advance RWAs

Variational raised $50M led by Dragonfly to push Real World Assets tokenization and TradFi on-chain adoption, launching Phase 1 infrastructure tests ahead of 100-plus TradFi markets going live this summer. The round positions the firm to capture institutional flows after twelve months of accelerating on-chain settlement experiments across major asset classes. Bitcoin liquidity venues stand to benefit directly once the new RWA rails reach production scale.