KAIO secures $8 million funding from Tether to enhance blockchain asset distribution
Here's what it means for you.
This investment could significantly lower barriers for investors in the tokenization space.
What happened
KAIO secured $8 million in funding from Tether to develop on-chain asset distribution.
The Context
- Regulation: KAIO is regulated in Abu Dhabi and focuses on tokenizing real-world assets.
- Capital Raised: The funding round increases KAIO's total capital raised to $19 million.
- Accessibility: The initiative aims to lower the entry barrier for investors with $100 ticket offerings.
Takeaway
The investment from Tether positions KAIO to potentially transform the asset management landscape in the UAE.
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Tokenization firm KAIO raises $8m from Tether to scale on-chain funds
KAIO, a tokenization firm based in Abu Dhabi, has successfully raised $8 million in a funding round led by Tether, bringing its total funding to $19 million. This investment aims to facilitate the development of on-chain funds, allowing for lower ent...
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Tether backs UAE tokenization firm KAIO in $8M funding round to bring Emirati funds onchain
Tether has invested $8 million in KAIO, a tokenization firm based in Abu Dhabi, to enhance the infrastructure for distributing institutional funds on blockchain technology. This funding aims to lower the entry barriers for investors looking to access...