KAIO Secures $8M in Funding from Tether to Bring Emirati Investments onto the Blockchain
On Monday, KAIO announced that it had successfully raised $8 million in a strategic funding round, led by Tether and supported by several prominent crypto and institutional investors. This latest round brings KAIO's total funding to $19 million, with new investors such as Systemic Ventures joining the fold, alongside returning investors Further Ventures and Laser Digital, as well as earlier backers like Brevan Howard Digital. KAIO specializes in creating infrastructure that enables asset managers to distribute their funds on the blockchain. The firm has tokenized products from renowned companies like BlackRock, Brevan Howard, and Hamilton Lane, making them accessible through blockchain-based systems. 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 collaboration with Mubadala Capital, an Emirati 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 just $100 for eligible users, significantly lower than the typical thresholds for institutional funds. Tether's involvement in the funding round is expected to connect the model to stablecoin flows, with USDT being the most widely used stablecoin, boasting a $185 billion supply, often utilized for cross-border transactions, particularly in emerging markets. KAIO seeks to channel this liquidity into regulated investment products. According to Tether CEO Paolo Ardoino, 'KAIO's unique position unlocks new pathways for capital formation and investment by bringing institutional-grade assets onto the blockchain and making them more broadly accessible, thereby expanding participation in global financial markets.' KAIO's platform incorporates compliance into its system and supports 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.