KAIO Receives $8 Million in Funding from Tether to Develop Blockchain Infrastructure for Emirati Funds
In a recent funding round, KAIO secured $8 million in investments from Tether and other prominent crypto and institutional investors. This strategic funding brings the company's total funding to $19 million, with new investors such as Systemic Ventures joining the round. Existing investors, including Further Ventures and Laser Digital, also participated alongside earlier backers like Brevan Howard Digital. KAIO is developing infrastructure that enables asset managers to distribute their funds on the blockchain, making traditional funds more accessible through blockchain-based systems. The company has already created tokens for products from notable firms like BlackRock, Brevan Howard, and Hamilton Lane. With this new investment, KAIO plans to expand its offerings to include credit, structured investments, and exchange-traded funds. The company is also set to launch an on-chain fund in partnership with Mubadala Capital, a private equity firm with $385 billion in assets under management. By tokenizing institutional funds, KAIO aims to reduce the barriers to entry for investors, with minimum investments starting at $100 for eligible users. This is significantly lower than the typical thresholds for institutional funds. Tether's involvement in the funding round highlights the potential for stablecoin flows to be channeled into regulated investment products. As the most widely used stablecoin with a $185 billion supply, USDT is often utilized for cross-border transactions, particularly in emerging markets. KAIO's platform is designed to embed compliance into its system, supporting regulated distribution frameworks in various jurisdictions, including Abu Dhabi, the Cayman Islands, and Singapore. To date, the company has tokenized approximately $100 million in assets and processed over $500 million in transactions.