The IP tokenization platform Aria has completed two rounds of financing totaling $15 million at a valuation of $50 million, with participation from Polychain and others

ChainCatcher news, according to The Block, Aria Protocol Labs and Aria Foundation------the team behind the story-driven intellectual property (IP) tokenization platform Aria, recently raised a total of $15 million in seed and strategic funding rounds.

Both rounds of financing were completed last month, starting with funding discussions in March. The seed round was co-led by Polychain Capital and Neoclassic Capital, while the strategic round received support from the Story Protocol Foundation and other unnamed investors in the cryptocurrency, intellectual property, and entertainment sectors.

These financings combined equity and token warrants, bringing Aria's equity valuation to $50 million. The project also plans to issue a native token in the future.

Aria is built on Story, a Layer 1 blockchain designed for IP tokenization. Currently, Aria primarily focuses on the tokenization of music IP, converting music royalties into tradable tokens, aiming to make this illiquid asset class more accessible to users.