KAIO Secures $8 Million in Funding from Tether to Revolutionize Emirati Fund Tokenization
In a strategic funding round, KAIO has successfully raised $8 million, with Tether being one of the key backers. This investment brings the company's total funding to $19 million, with new investors such as Systemic Ventures joining the fray, alongside existing ones like Further Ventures and Laser Digital. KAIO is focused on creating infrastructure that enables asset managers to distribute their funds on the blockchain. The company has already tokenized products from prominent firms 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, a private equity firm with $385 billion in assets under management. By tokenizing institutional funds, KAIO aims to lower 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 this project is expected to leverage the stablecoin's vast liquidity, with USDT being the most widely used stablecoin, boasting a $185 billion supply. KAIO plans 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 on-chain and making them more broadly accessible, helping expand participation in global financial 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.