# Novastro

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/novastro

- Industry: Financial Services
- Headquarters: United Arab Emirates
- Website: www.novastro.xyz/
- Total disclosed funding: $1.2M
- Latest round: Seed (Jan 9, 2025)
- Investors on record: 5

## About

Based in United Arab Emirates, and founded in 2022, Novastro operates as a financial technology company that offers an artificial intelligence-based platform for trading cryptocurrencies and related transactions. In January 2025, Novastro raised USD 1.2 million in seed funding led by Woodstock Fund, with participation from X21 Digital, Cogitent Ventures, Double Peak Group, and Faculty Capital. 

Novastro focuses on providing a blockchain platform that helps turn real-world assets (like real estate, gold, and government bonds) into digital tokens. The company offers tools powered by AI to create deep liquidity, generate returns, and support smart trading for tokenized assets. The firm also use a stablecoin backed by real assets to ensure stable and reliable asset management. Novastro provides full services for tokenizing assets, including legal and technical support. The firm clients are mainly investors and businesses looking to reach global markets, with a focus on North America, Europe, and Asia.

The company plans to use the January 2025 funding to accelerate the integration of its Layer 2 blockchain with Movement Network, enabling enhanced scalability, reduced transaction costs, and seamless interoperability for its RWA trading and yield platform.

## Funding rounds

- Seed, Jan 9, 2025, $1.2M — Woodstock, Double Peak Group, X21 Digital, Faculty Capital, Cogitent Ventures

## Investors

- Woodstock (https://capitalatlas.ai/funds/woodstock) — Seed
- Double Peak Group — Seed
- X21 Digital (https://capitalatlas.ai/funds/x21-digital) — Seed
- Faculty Capital (https://capitalatlas.ai/funds/faculty-capital) — Seed
- Cogitent Ventures (https://capitalatlas.ai/funds/cogitent-ventures) — Seed