IOTA co-founder Dominik Schiener announced a strategic pivot from speculative crypto activities to building infrastructure for the $35 trillion global trade market. IOTA aims to address inefficiencies in traditional trade by integrating digital identity, real-world assets (RWA), and trade finance. The IOTA-based TWIN network is operational in Kenya and the UK, and the organization is collaborating with the World Economic Forum on the African digital trade initiative ADAPT. Additionally, the Rebased upgrade introduces a token deflation mechanism and focuses on tokenizing commodities and trade receivables.