Aria Secures $15M to Tokenize Music IP with Blockchain Technology
Aria Protocol Labs Inc. and the Aria Foundation have raised $15 million in seed and strategic funding to expand their initiative of tokenizing revenue-generating intellectual property (IP) on the blockchain. The funding round saw participation from prominent investors including Polychain, Neoclassic, and the Story Foundation.
The company's first major endeavor, the $APL token, launched in February 2025, represents partial royalty rights to songs by global superstars like Justin Bieber, Miley Cyrus, BLACKPINK, and BTS. This follows a $10.95 million raise on Stakestone's LiquidityPad, marking one of the largest music-IP tokenizations to date.
"Onchain IP isn't just a creative frontier, it's a financial one," said David Kostiner, Co-Founder and Chief IP Officer of Aria Protocol Labs Inc. The funding will enable Aria to scale its programmable IP infrastructure and build a new IP economy.