@Deva-MSFT The actual resolution was found in the accepted answer of jsonserializer-throws-exception-in-xamarinios.html
Added the following lines to iOS project file in the ItemGroup containing Package References:
<PackageReference Include="System.Memory" Version="4.5.4">
<IncludeAssets>none</IncludeAssets>
</PackageReference>
<PackageReference Include="System.Buffers" Version="4.5.1">
<IncludeAssets>none</IncludeAssets>
</PackageReference>