Tether Invests in UAE-Based KAIO, Boosting Blockchain-Based Fund Distribution
In a strategic funding round, KAIO has secured $8 million in investments from Tether and other prominent crypto and institutional investors. This brings the company's total funding to $19 million, with new investors including Systemic Ventures and repeat investments from Further Ventures, Laser Digital, and earlier backers such as Brevan Howard Digital. KAIO is focused on creating infrastructure that enables asset managers to distribute funds on the blockchain. The company has developed tokens for products from leading 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. Tether's involvement in the project is expected to leverage the stablecoin's vast liquidity, with USDT boasting a $185 billion supply. KAIO's platform is designed to embed compliance and support regulated distribution frameworks, including those in 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.