"Tether led an $8 million strategic institutional funding round for KAIO, an Abu Dhabi-regulated tokenization firm building onchain infrastructure for real-world assets, bringing the total raised to $19 million."
"KAIO has processed over $500 million in transactions and manages approximately $100 million in assets under management, working with notable firms like Blackrock and Nomura."
"The firm plans to launch an onchain fund with Mubadala Capital, Abu Dhabi's sovereign wealth arm managing around $385 billion in assets, aiming to lower the entry bar for institutional-grade products."
Tether led an $8 million funding round for KAIO, an Abu Dhabi-regulated tokenization firm, increasing its total capital raised to $19 million. KAIO has processed over $500 million in transactions and manages approximately $100 million in assets under management. The firm collaborates with major financial institutions and plans to launch an onchain fund with Mubadala Capital. The funding round included new and returning investors, emphasizing KAIO's role in tokenizing institutional-grade products across multiple jurisdictions.
Read at news.bitcoin.com
Unable to calculate read time
Collection
[
|
...
]