📰 【Asset Tokenization Company KAIO Completes $8 Million Strategic Funding Round, Led by Tether, Intending to Put UAE Funds On-Chain】

BlockBeats News, April 20 — Abu Dhabi-regulated tokenization infrastructure company KAIO announced the completion of a $8 million strategic funding round, led by Tether with participation from multiple crypto and institutional investors, bringing the total funding amount to $19 million. New investors include Systemic Ventures, Further Ventures, and Laser Digital following on, while existing shareholders such as Brevan Howard Digital continue to participate. KAIO is committed to tokenizing traditional fund products from institutions such as BlackRock, Brevan Howard, and Hamilton Lane.
Tether has thrown another brick into the pool of traditional finance. The tendrils of $USDT reach into the tokenization of funds in the UAE; at its core, it’s about finding an on-chain exit for liquidity from the old world. With this funding, KAIO’s core narrative is essentially to provide on-chain outsourcing for old money like Brevan Howard. The market isn’t short of tokenization stories; what it lacks is liquidity and demand that truly penetrate the underlying assets. If putting traditional funds on-chain is only swapping the shell, what’s the difference from the STOs of the past? For those celebrating over fundraising amounts, it’s worth taking a look at how much TVL can ultimately settle on-chain.

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