KAIO Secures $8 Million in Funding from Tether to Tokenize Emirati Investments
In a strategic funding round, KAIO has raised $8 million with the support of Tether and other prominent crypto and institutional investors. This brings the company's total funding to $19 million, with new investors such as Systemic Ventures joining alongside returning backers like Further Ventures and Laser Digital. KAIO's mission is to create a platform that enables asset managers to distribute their funds via blockchain, having already tokenized products from major firms including BlackRock, Brevan Howard, and Hamilton Lane. With this investment, KAIO aims to expand its offerings to include credit, structured investments, and exchange-traded funds, with plans to launch an on-chain fund in partnership with Mubadala Capital, which manages $385 billion in assets. By tokenizing institutional funds, KAIO seeks to lower the minimum investment threshold, currently set at $100 for eligible users, significantly reducing traditional barriers to entry. The involvement of Tether, the issuer of the popular stablecoin USDT, is expected to facilitate the flow of liquidity into regulated investment products. According to Paolo Ardoino, CEO of Tether, KAIO's innovative approach 'unlocks new pathways for capital formation and investment by bringing institutional-grade assets on-chain and making them more broadly accessible.' KAIO's platform prioritizes compliance, supporting regulated distribution frameworks in several key markets, 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.