Today we're launching Iris, the financial network telecom operators plug into to earn on what they already own. Operators built the roads the digital economy runs on. Everyone else got rich building the city on top. From 2012 through 2025, traffic on operator networks grew more than 50% a year. Operator revenue grew about 1%. The companies on top took the difference. Operators own what those companies pay dearly for: distribution, the billing relationship, daily engagement. And money already runs through all of it, in subscriber payments, top-ups, advertising and settlement. Iris sits underneath all of it. Same business, new revenue, settled in dollars. Iris runs the rails. The operator keeps the economics. VIVA, a licensed carrier in Bolivia, is the first operator live on Iris. Real transactions, settled in USDi, operating reserves held in dollars. Until now, operators built everything and kept almost none of the value. Now they build almost nothing and keep almost all of it.

Telecom operators own the network, subscriber relationship and distribution. Iris lets them earn on all three without replacing the systems they already run. Telco Magazine spoke with Iris CEO @JulesEmiller and VIVA CEO @ryanj_alvarez about the model. telcomagazine.com/news/iris-…

Iris is live with @vivabo, our first telecom partner, with a superapp module that has already reduced Alva customer churn by 33% and increased lifetime customer value by 35% in their prepaid market. (Iris CEO @JulesEMiller via @TheBlockCo)

"Telcos are building the hardware. They're building the hard part. But they're not growing in the way they need to grow." -@JulesEMiller, Iris CEO (via @TheBlockCo)

Iris is the financial network built for telecom operators. The basic idea is simple: operators already own valuable infrastructure, customer relationships, billing, identity, and distribution. Iris gives them new ways to earn from the network they built.

Live now! ⬇️

Iris is bringing real SIM-verified users onchain, not anonymous wallets. That starts with three million subscribers from @vivabo. @avax CRO @JohnNahas84 on @TheRollupCo:

Updated stream link:

Live Tuesday, September 22nd, at 12:00 PM ET / 9:00 AM PT. The lineup: - @JulesEMiller, @BuildOnIris - @Nick_van_Eck, @withAUSD - @YuvalRooz, @digitalasset / @CantonNetwork - @annabelleacta, @DinariGlobal Drop questions below for the guests and we'll ask them live on the stream. nitter.net/i/broadcasts/1PJqrNnkb…

Telecom operators built the networks the digital economy runs on. Iris helps them capture more value from those networks. Today at 12:30 PM ET, CEO @JulesEMiller joins @stabledash to talk operator revenue and what comes next for telecom onchain. Tune in: live.stabledash.com

Telecom operators are very serious businesses. We needed a chain that was built for business, and @avax worked extremely well for us. -@JulesEMiller, Iris CEO (via @CoinDesk)

Grateful to @mike_robuck at GSMA's @mobileworldlive for the great coverage in celebration of our official launch. Dive in to learn more about how Iris helps operators get paid from the networks they built. mobileworldlive.com/network-…

"What Iris allows the telecom operators to do is take back that growth and build it themselves. They built the roads, and now they can build the cities on top that others are building." -@JulesEMiller, Iris CEO (via @TheRollUpCo)

Tune in on CEO @JulesEMiller live with @therollupco: nitter.net/i/broadcasts/1PKqrNwoa…

Coming up soon ⬇️

Happy Thursday, live from Avax Summit Day 2. HUGE morning for tokenization enjoyers! The SEC just approved a temporary exemption to allow tokenized stocks to trade onchain. The Innovation Exemption is real, and it lands right in the middle of one of the biggest tokenization event of the year. The rumor mill nailed it. On top of that, the Fed hiked, and the market went green anyway. The exact "bullish hike" everyone was memeing last week actually played out. Which is the perfect backdrop for today, because we've got Kevin O'Leary joining us for the first time. He's arriving at the exact moment that real money looks like it's finally moving onchain. We get into what he's actually allocating to now. Great show today. 10:10AM @justinkim415 - @AVAX 10:35AM @kevinolearytv 11:10AM @MorganKrupetsky - @avalabs 11:55AM @DominicCarb - Jenna Erdmann 12:40AM @GabeOtte - @DinariGlobal 1:00PM John Nahas - @AVAX 1:25PM @cryptoreine - @AVAX 1:55PM @JulesEMiller - @BuildOnIris 2:15PM @gbartsmith - @avat_co 2:30PM David Sutter - @opentrade_io 2:45PM @TripleVodkaSoda - @plumenetwork 3:00PM Jerald David - @Lynq_Network 3:30PM @CharleyCooper01 - @AvaLabs See you on the show.

Excited to share that my new company, Iris, is coming out of stealth today with $43M in committed funding and our first telecom operator live on-chain. 🎉

“We are focused on bringing real businesses onchain, and Iris is a flagship use case for Avalanche.” -@JohnNahas84, CBO of @AvaLabs.

“This is about delivering value to our subscribers too. To us, that’s just good business… when you find ways to do good things for your customers, they pay it back in spades with their loyalty." -@ryanj_alvarez, CEO of @vivabo

“This is about taking a network that was built primarily for connectivity and transforming it to something that can deliver value through data.” -@RakutenSymphony CRO Udai Kanukolanu