XYO price

XYO

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XYO was introduced in January of 2018 as a geospatial DePIN IoT project. The XYO Foundation was founded to incubate XYO’s ambitious vision. XYO co-founders Arie Trouw and Markus Levin recognized a growing need for a trustless, decentralized location oracle. The XYO token was released in March of the same year.

In February of 2022, XYO announced an expansion of its original concept, becoming capable of aggregating and analyzing a wide and flexible range of heuristic and digital data. No longer focusing exclusively on location and geospatial data allowed XYO to expand into broader Web3 markets. Driven by the core tenets of providing data sovereignty, provenance, and permanence, XYO now empowers partners across industries to leverage decentralized data systems for enhanced transparency, control, and reliability in their interactions.

Beyond the XYO Foundation, the team founded the U.S.-based, for-profit entity XY Labs Inc., notable as the first U.S. crypto company qualified by the SEC for a Regulation A offering, permitting share sales to both accredited and non-accredited investors. XY Labs further stands out as one of the pioneering U.S. companies to tokenize and publicly list its shares. These tokenized shares trade as $XYLB on the tZERO ATS, positioning XY Labs prominently in the growing wave of Real-World Asset (RWA) tokenization.

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